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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.
Edmund Phelps, recipient of the 2006 Nobel Prize in Economics, is McVickar Professor Emeritus of Political Economy and Director of the Center on Capitalism and Society at Columbia University.
Edmund Phelps, the winner of the 2006 Nobel Prize in Economics, is Director of the Center on Capitalism and Society at Columbia University. Born in 1933, he spent his childhood in Chicago and, from age six, grew up in Hastings-on Hudson, N.Y. He attended public schools, earned his B.A. from Amherst (1955) and got his Ph.D. at Yale (1959).
Edmund Phelps. My Journeys in Economic Theory charts two major phases of Phelps’s work, illuminating the breadth of his contributions to the field. First, introducing the expectations of wage setters and cofounding the “equilibrium” rate of unemployment, he built the microeconomic foundations for the employment theory pioneered by Keynes and Hicks.
In Edmund Phelps’s latest journey, he discovers a revolutionary theory of the good life: Beyond providing leisure and material comforts, a modern economy engages participants in adventure and self-discovery.
Edmund Phelps was awarded the Prize in Economic Sciences for his analysis of intertemporal trade-offs in macroeconomic policy, especially with regard to inflation, wages, and unemployment.
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Edmund Phelps, the winner of the Nobel Memorial Prize in Economic Sciences in 2006, is the founding director of the Center on Capitalism and Society and McVickar Professor Emeritus of Political Economy at Columbia University.
