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In countries operating a largely capitalist system, there does not appear to be a wide understandin
In countries operating a largely capitalist system, there does not appear to be a wide understandin
In countries operating a largely capitalist system, there does not appear to be a wide understandin
In countries operating a largely capitalist system, there does not appear to be a wide understandin
In countries operating a largely capitalist system, there does not appear to be a wide understandin
In countries operating a largely capitalist system, there does not appear to be a wide understandin
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Edmund Phelps:
Capitalist systems function less well without state protection of investors, lenders, and companiesEdmund Phelps:
In essence, capitalist systems are a mechanism by which economies may generate growth in knowledgeEdmund Phelps:
Well into the 20th century, scholars viewed economic advances as resulting from commercial innovatiEdmund Phelps:
Entrepreneurs have only the murkiest picture of the future in which they are making their bets, andEdmund Phelps:
I just think that the Europeans are depriving themselves of a high-employment economy, and they areEdmund Phelps:
My God, I don't know anyone who likes to accumulate their wealth more than the Europeans.Edmund Phelps:
Without being aware, I think I was being indoctrinated into what was called Vitalism, the idea thatEdmund Phelps:
There would be plenty of justification to raise revenues in order to subsidize businesses that emplEdmund Phelps:
To pump up consumer or government demand would force interest rates up and asset prices down, possiEdmund Phelps:
The fallacy of the neoclassicals is their tenet that total employment, though hit by shocks, can be