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.

So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices.

If I can add, say, 10 great new violin concertos to the repertoire before I'm done, that will be truly exciting.

The Audio Home Recording Act directly says that noncommercial copying by consumers is lawful.