“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?”

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About Edmund Phelps

American economist

Edmund Strother Phelps is an American economist and Nobel laureate. He received the 2006 Nobel Memorial Prize in Economic Sciences. Phelps is best known for his work in economics, especially the research that led to his Nobel recognition. His writing and public remarks often reflect economic theory and the forces that shape markets, inflation, and employment.

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