'Egalitarians' who complain about inequality view the wealth of the wealthiest as bad in itself: it disfigures society. They would enact a wealth tax to extirpate the offending wealth. Edmund Phelps badcomplaindisfigure Change image and share on social
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. Edmund Phelps actioncareercountry Change image and share on social
I do think from time to time that conceptual questions arise: What do we mean by equilibrium? What do we mean by this concept and that concept? Edmund Phelps ariseconceptconceptual Change image and share on social
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
It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment. Edmund Phelps acceptancebringemployment Change image and 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
To pump up consumer or government demand would force interest rates up and asset prices down, possibly by enough to destroy more jobs than are created. Edmund Phelps assetconsumercreate Change image and share on social
Companies like Google and Facebook may offer jobs allowing or requiring imagination and creativity, but the whole of Silicon Valley accounts for only 3 percent of national income and a smaller percentage of national employment. Edmund Phelps accountallowcompany share on social
Statistical studies are all over the lot about the pluses and minuses of raising the minimum wage. Edmund Phelps lotminimumminuse Change image and share on social
The difficulties of many European countries derive from their corporatism: state projects serving cronies and vast social protection programmes, both run by elites. These surged in the 1970s and 1980s. Edmund Phelps 1970s1980scorporatism share on social
