In the 1960s, and stretching back to the 1930s, it was felt by many economists that easy money is a reliable way to increase employment. Edmund Phelps 1930s1960sback Change image and share on social
Italy and France could lop off their excessive wealth through a one-time tax on private wealth. Edmund Phelps excessivefranceitaly Change image and share on social
My view is that innovation has declined in the everyday processes that businesses tinker with incrementally as they try to become more productive over time. Edmund Phelps businessdeclineeveryday Change image and share on social
Narrow banks could restart effective intermediation and ensure that consumers and employment-creating small and medium-size enterprises are adequately financed and can contribute to the reactivation of the economy. Edmund Phelps adequatelybankconsumer share on social
If you rent, that's it. You don't have to pay any interest to anybody. You don't have to pay any maintenance costs to anybody. You don't have to worry about whether the boiler is going to break down. While if you own your own home, you have a hundred aggravations. Edmund Phelps aggravationboilerbreak 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
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
If every effect of any new products or methods were required to be known before they could be produced and marketed, they would not be true innovations - and thus not represent new knowledge of what people would like, if offered. Edmund Phelps effectinnovationknowledge share on social
