The celebration of homeownership seems to be part of a countermovement against popular owning of shares in corporations. Edmund Phelps celebrationcorporationcountermovement Change image and share on social
An economy open to new concepts and novel ventures is bound to generate unequal gains. Edmund Phelps bindconcepteconomy Change image and share on social
A nation's economy is more than its markets, tastes, technologies and property rights. Edmund Phelps economymarketnation Change image and share on social
When I was a teenager, I learned to play the trumpet. Music became my passion. Edmund Phelps learnmusicpassion Change image and share on social
Economists of a classical bent lay a large part of the decline of employment, and thus lagging output, to a contraction of labour supply. Edmund Phelps bendclassicalcontraction Change image and share on social
When the word 'morality' comes up in connection with economics, income distribution and financial stability are usually the issues. Is it moral for rich countries to use such a high proportion of the world's resources or for investment bankers to earn large bonuses? Edmund Phelps bankerbonusconnection share on social
At the simplest level, economics can better show us the consequences of our actions. Less simple are cases in which we don't have the knowledge to predict the full consequences. Global warming and climate change are examples. Edmund Phelps actioncasechange share on social
Mass prosperity came with the mass innovation that sprung up in 1815 in Britain, soon after in America, and later in Germany and France: It brought sustained growth to these nations - also to nations with entrepreneurs willing and able to copy the innovations. Edmund Phelps americabringbritain share on social
As a grandson of farmers in downstate Illinois, I have long admired the dedication of farmers to their work and have written about the role of agriculture in American innovation. Edmund Phelps admireagricultureamerican Change image and share on social
When I was in college at Amherst, my father asked me a favor: to take one course in economics. I loved it - for the challenge of its mysteries. Edmund Phelps amherstaskchallenge Change image and share on social
