Edmund Phelps Quotes: top 38 famous quotes about Edmund Phelps

Edmund Phelps Quotes & Sayings

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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

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

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

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

Flourishing comes from the experience of the new: new situations, new problems, new insights, and new ideas to develop and share. — Edmund S. Phelps

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

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

Seen as paving the way for an age of innovation. — Edmund S. Phelps

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

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

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

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

Flourishing is the heart of prospering - engagement, meeting challenges, self-expression, and personal growth. — Edmund S. Phelps

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

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

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

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

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

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

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

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

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

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

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

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

And attitudes that would enable and encourage attempts at — Edmund S. Phelps

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

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

The sole problem was the terrible unawareness. — Edmund S. Phelps

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

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

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

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

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

The recognition by a people that their prosperity depends on the breadth and depth of their innovative activity is of huge importance. Nations unaware — Edmund S. Phelps

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

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

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