India, March 22 -- Times are good and getting better, economically. Professor Edward Prescott, Nobel laureate in economics (Nobel Memorial Prize in Economic Sciences) who is the co-recipient in 2004, visited Texas Tech University (TTU) recently and spoke about the importance of free enterprise. Along the way, he discussed the current global economic situation, in an event organised by TTU's Free Market Institute. The Nobel laureate predicted that there is no recession in sight and technological advancements are driving the growth situation. United States' economy is booming stated Prescott. This has resulted in the shortage of skilled labor force, which is a positive news for the higher education sector. One factor that is enabling a high...