Edmund S. Phelps, a Nobel laureate in economics, is Professor of Political Economy at Columbia University, and Director of its Center on Capitalism and Society. One of the world’s leading experts on the sources of economic dynamism, he is the author of many books, including Rewarding Work: How to Restore Participation and Self-Support to Free Enterprise and Designing Inclusion.
User Account
Edmund S. Phelps
Commentaries by Edmund S. Phelps
-
Blaming Capitalism for Corporatism
NEW YORK – The future of capitalism is again a question. Will it survive the ongoing crisis in its current form? If not, will it transform i…
-
The Root of All Sovereign-Debt Crises
NEW YORK – The Greek debt crisis has prompted questions about whether the euro can survive without a nearly unimaginable centralization of f…
-
The Corporatist Threat to the Arab Spring
NEW YORK – The young protesters of the Jasmine Revolutions of Tunisia and Egypt, many of them university graduates, overthrew the old regime…
-
The Road to Prosperity and Sound Markets
BERLIN – The near global financial meltdown and ensuing downturns left the Anglo-Saxon nations pondering what they should do both to set the…
-
Does Capitalism Have a Future?
NEW YORK – As 2008 came to a close, many Europeans began to speak about the end of capitalism. They forget that capitalism in Europe had alr…
-
The Right Way to Rebuild Georgia
NEW YORK – At the recent donors’ meeting on Georgia, aid pledges rolled in, totaling $4.5 billion – about $1,000 per citizen of Georgia. Tha…
-
The Road to Post-War Recovery
For the world’s advanced countries, a key challenge is to broaden economic and social inclusion without diminishing the economic dynamism th…
-
Evidence-Based Economics
There is a movement in medicine to require that applications for licenses to sell a new drug be “evidence-based.” By contrast, trained econo…
-
Subsidies that Save
Was France’s recent wave of protests against an amendment that would have increased employers’ freedom to fire young workers a blessing in d…
-
The Dynamism of Nations
Proposals for economic reform of Continental Europe keep coming. The process does not constitute a unified, reasoned debate so much as an on…
The Root of All Sovereign-Debt Crises
Moritz G€d1g: "Irresponsible borrowing by governments in international credit markets requires irresponsible lending" And that is why those who decided to lend to Greece should loose all their money and not thos…
The Root of All Sovereign-Debt Crises
Sergio Reuben: You are right, but the problem is not so easy to solve. You shuld have to have the London City banks and Wall Street banks into the Euro State...