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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.
More from Edmund Phelps (93 quotes) →Keep reading Edmund Phelps
- “The fallacy of the neoclassicals is their tenet that total employment, though hit by shocks, can be said alwa…”Edmund Phelps
- “Corporatist attitudes against capitalism came to the fore in the 1920s. Corporatists, with their conservative…”Edmund Phelps
- “The level of dynamism is a matter of how fertile the country is in coming up with innovative ideas having pro…”Edmund Phelps
- “I think the 19th century is an extraordinary period with a welling up of creativity and all kinds of experime…”Edmund Phelps
Explore Uncertainty
- “Let go of consistency, let go of certainty. Learn to live with the waves of change and uncertainty.”Debasish Mridha
- “Truth as a time coordinate; truth lives in the past, the future is uncertain.Truth as a scale coordinate; tru…”R.A.Delmonico
- “Let go," he advised me, and I loosened my grip on his hands. "No, not of me," he said, smiling. "You can hold…”Charlaine Harris
Explore Knowledge
- “The hypothesis may be put forward, to be tested by the s subsequent investigation, that this development has…”Talcott Parsons
- “Philosophical knowledge is knowledge which reason gains from concepts mathematical knowledge is knowledge whi…”Immanuel Kant
- “Whoever undertakes to set himself up as a judge of Truth and Knowledge is shipwrecked by the laughter of the…”Albert Einstein