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.

Las Vegas is the expression, in glitter and concrete, of America's brittle and mutating id.

I don't believe in that kind of American John Wayne individualism where people pull themselves up by their bootstraps. Someone changed your diapers. And if that's the case, you ain't self-made.

If you have a block of ballistics gelatin and a high-speed camera, pretty soon somebody gets a gun!