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.

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• Edmund Phelps:

  The fallacy of the neoclassicals is their tenet that total employment, though hit by shocks, can be

• Edmund Phelps:

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

• Edmund Phelps:

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• Edmund Phelps:

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• Edmund Phelps:

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• Edmund Phelps:

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• Edmund Phelps:

  The epic story of the West is the development in the 19th century of a mass prosperity the world ha

• Edmund Phelps:

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