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

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• Edmund Phelps:

  Without being aware, I think I was being indoctrinated into what was called Vitalism, the idea that

• Edmund Phelps:

  There would be plenty of justification to raise revenues in order to subsidize businesses that empl

• Edmund Phelps:

  To pump up consumer or government demand would force interest rates up and asset prices down, possi

• 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:

  The need to encourage entrepreneurship and ensure that young people have the opportunity to start n

• Edmund Phelps:

  Narrow banks could restart effective intermediation and ensure that consumers and employment-creati

• Edmund Phelps:

  I would like to see people dreaming of striking out on their own into some other country or their o

• Edmund Phelps:

  Overpaying the banks for their toxic assets could contribute capital, but that may not be political

• Edmund Phelps:

  Most of the big banks were shot through with short-termism, deceptive practices and self-dealing. W