Edmund Phelps

I would like to see people dreaming of striking out on their own into some other country or their own, wherever they feel the action is, in the hope of an exciting and rewarding career.

To prosper and advance, the American business sector is going to need a financial system oriented toward business, not 'home ownership.'

In essence, capitalist systems are a mechanism by which economies may generate growth in knowledge - with much uncertainty in the process, owing to the incompleteness of knowledge.

Whoever grows angry amid troubles applies a drug worse than the disease and is a physician unskilled about misfortunes.

I thought conceptual art was a joke.

I studied international relations and economics at the University of Virginia. I paid my way by working as a bartender in the summer and at three part-time jobs during the year.