Edmund Phelps

I just think that the Europeans are depriving themselves of a high-employment economy, and they are depriving themselves of intellectual stimulation in the workplace - and personal growth - by sticking to the stultifying, rigid system that I call corporatism.

My parents brought us up in a very clever way, which was that they saw what we were interested in naturally, and then they encouraged whatever that may be. When I started sharing a keen interest in drama and the theater, instead of steering me away from it, they encouraged me to see plays and think about drama school.