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Edmund Strother Phelps (born July 26, 1933) is an American economist and the recipient of the 2006 Nobel Memorial Prize in Economic Sciences. Early in his career, he became known for his research at Yale's Cowles Foundation in the first half of the 1960s on the sources of economic growth. His demonstration of the golden rule savings rate, a concept related to work by John von Neumann, started a wave of research on how much a nation should spend on present consumption rather than save and invest for future generations. Phelps was at the University of Pennsylvania from 1966 to 1971 and moved to Columbia University in 1971. His most seminal work inserted a microfoundation, one featuring imperfect information, incomplete knowledge and expectations about wages and prices, to support a macroeconomic theory of employment determination and price-wage dynamics. That led to his development of the natural rate of unemployment: its existence and the mechanism governing its size. In the early 2000s, he turned to the study of business innovation. He is the founding director, since 2001, of Columbia's Center on Capitalism and Society. He was McVickar Professor of Political Economy at Columbia from 1982 to 2021. On January 1, 2022, his title changed to McVickar Professor Emeritus of Political Economy. (Source: DBPedia)
Profession
Economist
Affiliations
Internationaler Währungsfonds
Observatoire Français des Conjonctures Economiques
Columbia University. Center on Capitalism and Society
2006 - Prize in Economic Sciences in Memory of Alfred Nobel
2008 - Global Economy Prize
Edmund Strother Phelps (born July 26, 1933) is an American economist and the recipient of the 2006 Nobel Memorial Prize in Economic Sciences. Early in his career, he became known for his research at Yale's Cowles Foundation in the first half of the 1960s on the sources of economic growth. His demonstration of the golden rule savings rate, a concept related to work by John von Neumann, started a wave of research on how much a nation should spend on present consumption rather than save and invest for future generations. Phelps was at the University of Pennsylvania from 1966 to 1971 and moved to Columbia University in 1971. His most seminal work inserted a microfoundation, one featuring imperfect information, incomplete knowledge and expectations about wages and prices, to support a macroeconomic theory of employment determination and price-wage dynamics. That led to his development of the natural rate of unemployment: its existence and the mechanism governing its size. In the early 2000s, he turned to the study of business innovation. He is the founding director, since 2001, of Columbia's Center on Capitalism and Society. He was McVickar Professor of Political Economy at Columbia from 1982 to 2021. On January 1, 2022, his title changed to McVickar Professor Emeritus of Political Economy. (Source: DBPedia)
Q192566
Publishing years
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2024
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2023
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2022
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2018
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Series
Working paper (49)
Discussion paper series / Department of Economics, Columbia University (7)
Central issues in contemporary economic theory and policy (5)
Columbia economics discussion paper series / Department of Economics, Columbia University (5)
The international library of critical writings in economics (4)
Monografie RPE : collana (3)
Economic theory, econometrics, and mathematical economics (3)
Problems of the modern economy (3)
Document de travail de l'OFCE (2)
Discussion papers in economics (2)
Temi di discussione del Servizio Studi / Banca d'Italia (2)
Cahier / Départment de Sciences Économiques, Université de Montréal (2)
Working paper series / Institute of Economic Studies (2)
EUI working papers (2)
Penguin modern economics readings (1)
IMF working paper (1)
Seminar paper / Institute for International Economic Studies, University of Stockholm (1)
DM (1)
Publications of Russell Sage Foundation (1)
Economics handbook series (1)
Working papers / European Bank for Reconstruction and Development (1)
Papers and proceedings of the ... annual meeting of the American Economic Association (1)
The Arne Ryde memorial lectures (1)
PPRG discussion papers (1)
New perspectives on the role of government (1)
Papers and proceedings of the ... annual congress of the European Economic Association (1)
Controversy: the macroeconomics of unemployment in the OECD (1)
Nota di lavoro / Fondazione Eni Enrico Mattei (1)
SpringerLink / Bücher (1)
Working papers series / Center on Capitalism and Society (1)
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