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
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
An economy open to new concepts and novel ventures is bound to generate unequal gains. Edmund Phelps bindconcepteconomy Change image and share on social
I just think that the Europeans are depriving themselves of a high-employment economy, and they are depriving themselves of intellectual stimulation in the workplace - and personal growth - by sticking to the stultifying, rigid system that I call corporatism. Edmund Phelps callcorporatismdeprive 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
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
I'm not attacking the idea that people live in conglomerations of houses in proximity to one another, sharing the same water mains and the same newspaper delivery boy and so forth. I'm not objecting to that. That could happen with or without homeownership. Edmund Phelps attackboyconglomeration share on social
A healthy economics has got to have both conceptual, theoretical research and applied, empirical research. Edmund Phelps applyconceptualeconomics Change image and share on social
My God, I don't know anyone who likes to accumulate their wealth more than the Europeans. Edmund Phelps accumulateeuropeangod Change image and share on social