Edmund Phelps quotes: wise famous quotes, sayings and quotations by Edmund Phelps

Edmund Phelps Famous Quotes & Sayings

Discover top inspirational quotes from Edmund Phelps on Wise Famous Quotes.

Edmund Phelps quotes: 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.

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 quotes: Economics has paid a terrible price for its dalliances with the Keynesian and neoclassical theories.

Economics has paid a terrible price for its dalliances with the Keynesian and neoclassical theories.

Edmund Phelps quotes: Unemployment rates tend to rise and fall in roughly equal proportion at all rungs of the ladder, and that happened between 1973 and 1985.

Unemployment rates tend to rise and fall in roughly equal proportion at all rungs of the ladder, and that happened between 1973 and 1985.

Edmund Phelps quotes: An economy open to new concepts and novel ventures is bound to generate unequal gains.

An economy open to new concepts and novel ventures is bound to generate unequal gains.

Edmund Phelps quotes: The Keynesian belief that 'demand' is always at the root of underemployment and slow growth is a fallacy.

The Keynesian belief that 'demand' is always at the root of underemployment and slow growth is a fallacy.

Edmund Phelps quotes: To prosper and advance, the American business sector is going to need a financial system oriented toward business, not 'home ownership.'

To prosper and advance, the American business sector is going to need a financial system oriented toward business, not 'home ownership.'

Edmund Phelps quotes: 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.

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 quotes: My God, I don't know anyone who likes to accumulate their wealth more than the Europeans.

My God, I don't know anyone who likes to accumulate their wealth more than the Europeans.

Edmund Phelps quotes: I've lived to see key parts of my research absorbed in textbooks and in central banks around the world. And some finance ministries, too.

I've lived to see key parts of my research absorbed in textbooks and in central banks around the world. And some finance ministries, too.

Edmund Phelps quotes: I don't think the economy telegraphs very clearly where it's going.

I don't think the economy telegraphs very clearly where it's going.

Edmund Phelps quotes: 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?

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 quotes: The celebration of homeownership seems to be part of a countermovement against popular owning of shares in corporations.

The celebration of homeownership seems to be part of a countermovement against popular owning of shares in corporations.

Edmund Phelps quotes: Germany, Italy and France appear to possess less dynamism than do the U.S. and the others.

Germany, Italy and France appear to possess less dynamism than do the U.S. and the others.

Edmund Phelps quotes: Chancellor Angela Merkel and Wolfgang Schaeuble, her finance minister, are right to oppose fiscal and bank unions without political union.

Chancellor Angela Merkel and Wolfgang Schaeuble, her finance minister, are right to oppose fiscal and bank unions without political union.

Edmund Phelps quotes: A nation's economy is more than its markets, tastes, technologies and property rights.

A nation's economy is more than its markets, tastes, technologies and property rights.

Edmund Phelps quotes: 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.

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 quotes: It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment.

It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment.

Edmund Phelps quotes: I'm old enough to remember in the 1930s and the 1940s when thrift, frugality, was considered an important virtue.

I'm old enough to remember in the 1930s and the 1940s when thrift, frugality, was considered an important virtue.

Edmund Phelps quotes: When I was a teenager, I learned to play the trumpet. Music became my passion.

When I was a teenager, I learned to play the trumpet. Music became my passion.

Edmund Phelps quotes: Economists of a classical bent lay a large part of the decline of employment, and thus lagging output, to a contraction of labour supply.

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 quotes: A healthy economics has got to have both conceptual, theoretical research and applied, empirical research.

A healthy economics has got to have both conceptual, theoretical research and applied, empirical research.

Edmund Phelps quotes: For decades, my research was driven by outstanding problems in macroeconomics: mainly growth theory and employment theory.

For decades, my research was driven by outstanding problems in macroeconomics: mainly growth theory and employment theory.

Edmund Phelps quotes: Developing new products is labour- intensive. So is producing the capital goods needed to make them. These jobs disappear when innovation stalls.

Developing new products is labour- intensive. So is producing the capital goods needed to make them. These jobs disappear when innovation stalls.

Edmund Phelps quotes: Statistical studies are all over the lot about the pluses and minuses of raising the minimum wage.

Statistical studies are all over the lot about the pluses and minuses of raising the minimum wage.

Edmund Phelps quotes: Liberal redistributionists in favor of heavy taxation place less weight on incentive than do small-government conservatives.

Liberal redistributionists in favor of heavy taxation place less weight on incentive than do small-government conservatives.

Edmund Phelps quotes: Overpaying the banks for their toxic assets could contribute capital, but that may not be politically feasible or attractive.

Overpaying the banks for their toxic assets could contribute capital, but that may not be politically feasible or attractive.

Edmund Phelps quotes: Democrats and Republicans have been very keen to make home ownership almost a national purpose.

Democrats and Republicans have been very keen to make home ownership almost a national purpose.

Edmund Phelps quotes: I didn't do my work for money or prizes - only for the excitement of discovery.

I didn't do my work for money or prizes - only for the excitement of discovery.

Edmund Phelps quotes: Capitalist systems function less well without state protection of investors, lenders, and companies against monopoly, deception, and fraud.

Capitalist systems function less well without state protection of investors, lenders, and companies against monopoly, deception, and fraud.

Edmund Phelps quotes: The need to encourage entrepreneurship and ensure that young people have the opportunity to start new businesses is acute.

The need to encourage entrepreneurship and ensure that young people have the opportunity to start new businesses is acute.

Edmund Phelps quotes: Italy and France could lop off their excessive wealth through a one-time tax on private wealth.

Italy and France could lop off their excessive wealth through a one-time tax on private wealth.

Edmund Phelps quotes: Expertise and judgment in the art of lending for novel ventures must be reacquired.

Expertise and judgment in the art of lending for novel ventures must be reacquired.