Edmund Phelps

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.
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.
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capitalist  economy  essence  

These are some quotes by American author Edmund Phelps Economist, who was born on July 26, 1933.