- Father
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- Nov 07, 2020
Edmund Phelps Quotes
Most Famous Edmund Phelps Quotes of All Time!
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- Last Updated on May 30, 2021
- Money
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- Nov 07, 2020
I didn't do my work for money or prizes - only for the excitement of discovery.
- Easy
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- Nov 07, 2020
In the 1960s, and stretching back to the 1930s, it was felt by many economists that easy money is a reliable way to increase employment.
- Bring
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- Nov 07, 2020
It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment.
- Questions
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- Nov 07, 2020
I do think from time to time that conceptual questions arise: What do we mean by equilibrium? What do we mean by this concept and that concept?
- Got
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- Nov 07, 2020
A healthy economics has got to have both conceptual, theoretical research and applied, empirical research.
- Great
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- Nov 07, 2020
A system where self-employment and self-finance was typical gave way to a system of companies having various business freedoms and enabling institutions. This was the 'great transformation' on which historians and sociologists as well as business commentators were to write volumes.
- Company
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- Nov 07, 2020
A modern economy is marked by the feasibility of endogenous change: Modernization brings myriad arrangements from expanded property rights to company law and financial institutions.
- Economy
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- Nov 07, 2020
Unemployment determination in a modern economy was the main subject area of my research from the mid-1960s to the end of the 1970s and again from the mid-1980s to the early 1990s.
- People
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- Nov 07, 2020
I could try to incorporate or reflect in my models what it is that an employee, manager, or entrepreneur does: to recognize that most are engaged in their work, form expectations and evolve beliefs, solve problems, and have ideas. Trying to put these people into economic models became my project.
- Italy
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- Nov 07, 2020
In Greece, Italy and, to a lesser extent, France, unsustainable tax cuts and spending sprees added to households' estimates of their private wealth relative to their wage income.
- Growth
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- Nov 07, 2020
The main cause of Europe's deep fall - the losses of inclusion, job satisfaction and wage growth - is the devastating slowdown of productivity that began in the late 1990s and struck large swaths of the continent. It holds down the growth of wages rates, and it depresses employment.
- Economists
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- Nov 07, 2020
Economists of a classical bent lay a large part of the decline of employment, and thus lagging output, to a contraction of labour supply.
- Late
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- Nov 07, 2020
After a major loss of dynamism in the 1960s, productivity growth rates began dropping in most countries, falling by half in the U.S. in the 1970s and more or less ceasing altogether in France, Germany and Britain in the late 1990s.
- Enact
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- Nov 07, 2020
'Egalitarians' who complain about inequality view the wealth of the wealthiest as bad in itself: it disfigures society. They would enact a wealth tax to extirpate the offending wealth.
- Innovation
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- Nov 07, 2020