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Edmund S. Phelps

Edmund S. Phelps

36 commentaries

Edmund S. Phelps, the 2006 Nobel laureate in economics and Director of the Center on Capitalism and Society at Columbia University, is author of Mass Flourishing and co-author of Dynamism.

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  1. russia apples Erik Romanenko\TASS via Getty Images
    Subscriber Exclusive

    The Coming Food Fight

    The COVID-19 pandemic has caused hunger to spike, highlighting the need for radical reforms of the global food system to ensure its long-term resilience. But many fear that the United Nations Food Systems Summit on September 23 will entrench the current inequitable status quo instead of delivering real change.

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  2. skidelsky168_Cate GillonGetty Images_bank of england Cate GillonGetty Images

    Where Has All the Money Gone?

    Robert Skidelsky

    Quantitative easing risks generating its own boom-and-bust cycles, and can thus be seen as an example of state-created financial instability. Governments must now abandon the fiction that central banks create money independently from government, and must themselves spend the money created at their behest.

    explains why a decade of quantitative easing by central banks has merely fueled financial instability.
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