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Edmund S. Phelps

Edmund S. Phelps

37 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. Recovering Prosperity
    phelps34_Alexi RosenfeldGetty Images_USuniversitywelcome Alexi Rosenfeld/Getty Images

    Recovering Prosperity

    Sep 28, 2021 Edmund S. Phelps & Mohammad A. Salhut argue that the key to success is to nurture the values that drive innovation.

  2. An Interview with Edmund S. Phelps
    A worker presents a chip for fifth-generation (5G) mobile networks at China Electronics Technology Group Zhang Bin/China News Service/VCG via Getty Images

    An Interview with Edmund S. Phelps

    May 4, 2021 Edmund S. Phelps identifies thinkers who led economics astray, assesses China’s innovative capacity, and shows why employment subsidies would do far more good than a universal basic income.

  3. The Economic Case for Biden
    phelps32_Drew AngererGetty Images_biden Drew Angerer/Getty Images

    The Economic Case for Biden

    Sep 21, 2020 Edmund S. Phelps explains why the Democratic ticket is better not just for American democracy but also for the US economy.

  4. Poverty as Injustice
    phelps31_Spencer PlattGetty Images_protest Spencer Platt/Getty Images

    Poverty as Injustice

    Aug 28, 2020 Edmund S. Phelps considers how Western societies can strike a balance between social support and economic growth.

  5. The Robot Question
    phelps30_Hu YuanjiaVCG via Getty Images_chinarobotworkertechnologymanufacturing Hu Yuanjia/VCG via Getty Images

    The Robot Question

    Aug 6, 2020 Edmund S. Phelps considers the effects of automation and artificial intelligence from the perspective of welfare economics.

  1. delong252_ Spencer PlattGetty Images_USinequality Spencer Platt/Getty Images
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    Can America Escape Its Second Gilded Age?

    J. Bradford DeLong recalls how the country overcame a previous era of extreme income and wealth inequality.
  2. palacio145_JAVIER SORIANOAFP via Getty Images_sanchez JAVIER SORIANO/AFP via Getty Images
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    Can Spain Show European Leadership?

    Ana Palacio

    In an era of geopolitical rebalancing, Europe needs a more cohesive stance in international forums, together with stronger strategic partnerships, to enhance its global influence. Spain can contribute to these goals when it assumes the presidency of the Council of the EU next month – if domestic politics do not get in the way.

     worries that a snap election will undermine the effectiveness of the country’s Council of the EU presidency.
  3. tharoor179_Ritesh ShuklaGetty Images_modirally Ritesh Shukla/Getty Images
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    The Modi Decade

    Shashi Tharoor assesses the sources of the Indian government's popularity, despite its mixed record over the last nine years.
  4. reichlin30_Omar HavanaGetty Images_commission proposal Omar Havana/Getty Images
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    The Fight Over EU Fiscal Reform

    Lucrezia Reichlin

    In April, the European Commission released an updated proposal for reforming the Stability and Growth Pact that includes more rigid debt “safeguards.” But the changes defeat the entire purpose of devising a new framework for member states’ fiscal policies.

     shows why the European Commission’s latest proposal, in contrast to its predecessor, solves nothing.
  5. sirleaf6_KOLA SULAIMONAFP via Getty Images_biodiversity africa KOLA SULAIMON/AFP via Getty Images
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    Governments Must Meet Their Biodiversity Pledges

    Ellen Johnson Sirleaf implores wealthy donor countries to deliver on the promises they made at COP15 to protect natural capital.
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    Revisiting the Behavioral Revolution in Economics

    Antara Haldar assesses the legacy of the intellectual challenge to the view that rational self-interest guides our actions.
  7. varoufakis104_Andrew LichtensteinCorbis via Getty Images_amazonunion Andrew Lichtenstein/Corbis via Getty Images
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    New AI Germ Busters Can Also Bust Unions

    Yanis Varoufakis shows how an AI-driven biomedical breakthrough could rob workers of what little power they have left.
  8. james206_anilakkusGetty Images_globalization anilakkus/Getty Images
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    Globalization’s Warring Narratives

    Harold James examines the analytical disagreements that are hampering management of an unavoidable phenomenon.
  9. op_nagymohacsi2_Namthip MuanthongthaeGetty Images_CBDC Namthip Muanthongthae/Getty Images
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    The Digital Economy’s New Monetary Imperative

    Piroska Nagy Mohácsi thinks governments must embrace central bank digital currencies or risk a fundamental loss of control.

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