I didn't do my work for money or prizes - only for the excitement of discovery. Edmund Phelps discoveryexcitementmoney Change image and share on social
There's such a preoccupation with liquidity and such an unwillingness to invest beyond the horizon of the next quarter and making sure that the CEOs hit their quarterly earnings. Edmund Phelps ceoearningshit Change image and share on social
I grew up, until age 6, in Chicago. My parents rented their apartment and, at the end of the Depression, my parents wanted to replicate that situation. So, again, we lived in a somewhat suburban setting outside of New York City, and again, they rented. Edmund Phelps ageapartmentchicago share on social
Things can get only so bad. People want to eat, so at some point they resist further cuts to their consumption - it's not a bottomless pit. Edmund Phelps badbottomlessconsumption Change image and share on social
No amount of debt restructuring, even debt forgiveness, will help the Greeks achieve real prosperity. What they need is not short-term relief but, rather, a long-term cure. Edmund Phelps achieveamountcure Change image and share on social
In America, black urban teenagers have long been lacking in inclusion. In France, there is a comparable lack of inclusion among North Africans. In much of Europe, there has been little attempt to include the Roma. Edmund Phelps africanamericaattempt share on social
I think the 19th century is an extraordinary period with a welling up of creativity and all kinds of experimentation and exploration going on at least until 1940. Edmund Phelps 19thcenturycreativity Change image and share on social
Chancellor Angela Merkel and Wolfgang Schaeuble, her finance minister, are right to oppose fiscal and bank unions without political union. Edmund Phelps angelabankchancellor Change image and share on social
Expertise and judgment in the art of lending for novel ventures must be reacquired. Edmund Phelps artexpertisejudgment Change image and share on social
The fallacy of the neoclassicals is their tenet that total employment, though hit by shocks, can be said always to be heading back to some normal level. Edmund Phelps backemploymentfallacy Change image and share on social