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...
33 KB (3,682 words) - 12:30, 22 April 2024
Solow made the connection explicit and subsequently Milton Friedman and Edmund Phelps put the theoretical structure in place. While there is a short-run tradeoff...
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key concept in the study of economic activity. Milton Friedman and Edmund Phelps, tackling this 'human' problem in the 1960s, both received the Nobel...
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von Neumann and Maurice Allais, the term is generally attributed to Edmund Phelps who wrote in 1961 that the golden rule "do unto others as you would...
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curve relationship between inflation and unemployment. Friedman and Edmund Phelps (who was not a monetarist) proposed an "augmented" version of the Phillips...
57 KB (6,820 words) - 22:37, 2 June 2024
traditional Keynesian view concerning the Phillips curve. He, together with Edmund Phelps, contended that the trade-off between inflation and unemployment implied...
112 KB (13,088 words) - 17:46, 23 May 2024
Richard Stone Hyman Minsky Milton Friedman Paul Samuelson Lawrence Klein Edmund Phelps Robert Lucas Jr. Edward C. Prescott Peter Diamond William Nordhaus Joseph...
108 KB (13,260 words) - 17:37, 27 May 2024
Richard Stone Hyman Minsky Milton Friedman Paul Samuelson Lawrence Klein Edmund Phelps Robert Lucas Jr. Edward C. Prescott Peter Diamond William Nordhaus Joseph...
4 KB (461 words) - 16:30, 28 May 2024
Richard Stone Hyman Minsky Milton Friedman Paul Samuelson Lawrence Klein Edmund Phelps Robert Lucas Jr. Edward C. Prescott Peter Diamond William Nordhaus Joseph...
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initially provided by the monetarist economist Milton Friedman, and also by Edmund Phelps. Both argued that when workers and firms begin to expect more inflation...
42 KB (5,042 words) - 12:46, 1 June 2024
Richard Stone Hyman Minsky Milton Friedman Paul Samuelson Lawrence Klein Edmund Phelps Robert Lucas Jr. Edward C. Prescott Peter Diamond William Nordhaus Joseph...
23 KB (2,509 words) - 09:11, 15 April 2024
statistical discrimination was pioneered by Kenneth Arrow (1973) and Edmund Phelps (1972). The name "statistical discrimination" relates to the way in...
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five chapters, written respectively by Kenneth Arrow, Joseph Stiglitz, Edmund Phelps, Robert Solow, and Amartya Sen, all of whom worked with Jean Paul Fitoussi...
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Richard Stone Hyman Minsky Milton Friedman Paul Samuelson Lawrence Klein Edmund Phelps Robert Lucas Jr. Edward C. Prescott Peter Diamond William Nordhaus Joseph...
49 KB (6,199 words) - 02:07, 21 February 2024
Kornberg Andrew Fire; Craig Mello Orhan Pamuk Muhammad Yunus; Grameen Bank Edmund Phelps 2007 Albert Fert; Peter Grünberg Gerhard Ertl Mario Capecchi; Martin...
53 KB (1,621 words) - 23:27, 22 May 2024
Richard Stone Hyman Minsky Milton Friedman Paul Samuelson Lawrence Klein Edmund Phelps Robert Lucas Jr. Edward C. Prescott Peter Diamond William Nordhaus Joseph...
57 KB (7,024 words) - 20:11, 29 April 2024
series about the Bloomsbury Group, Life in Squares, Keynes was portrayed by Edmund Kingsley. The novel Mr Keynes' Revolution (2020) by E. J. Barnes is about...
191 KB (21,114 words) - 20:50, 20 May 2024
experience in liquidating the type of firm it is lending to". Economist Edmund Phelps has argued that the financier plays a role in directing capital to investments...
11 KB (1,268 words) - 20:15, 24 February 2024
Richard Stone Hyman Minsky Milton Friedman Paul Samuelson Lawrence Klein Edmund Phelps Robert Lucas Jr. Edward C. Prescott Peter Diamond William Nordhaus Joseph...
29 KB (3,737 words) - 03:38, 3 April 2024
Richard Stone Hyman Minsky Milton Friedman Paul Samuelson Lawrence Klein Edmund Phelps Robert Lucas Jr. Edward C. Prescott Peter Diamond William Nordhaus Joseph...
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Clive Granger (Economics – 2003) Anthony James Leggett (Physics – 2003) Edmund Phelps (Economics – 2006) Leonid Hurwicz (Economics – 2007) Intergovernmental...
53 KB (5,161 words) - 15:11, 2 June 2024
Richard Stone Hyman Minsky Milton Friedman Paul Samuelson Lawrence Klein Edmund Phelps Robert Lucas Jr. Edward C. Prescott Peter Diamond William Nordhaus Joseph...
20 KB (2,202 words) - 06:00, 27 April 2024
permanently increasing inflation. However, in 1968, Milton Friedman and Edmund Phelps argued that this apparent tradeoff was illusory. They claimed that the...
20 KB (2,305 words) - 18:07, 1 April 2024
Richard Stone Hyman Minsky Milton Friedman Paul Samuelson Lawrence Klein Edmund Phelps Robert Lucas Jr. Edward C. Prescott Peter Diamond William Nordhaus Joseph...
20 KB (2,553 words) - 17:49, 7 May 2024
Richard Stone Hyman Minsky Milton Friedman Paul Samuelson Lawrence Klein Edmund Phelps Robert Lucas Jr. Edward C. Prescott Peter Diamond William Nordhaus Joseph...
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theoretical basis. Critics of this analysis (such as Milton Friedman and Edmund Phelps) argued that the Phillips curve could not be a fundamental characteristic...
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Richard Stone Hyman Minsky Milton Friedman Paul Samuelson Lawrence Klein Edmund Phelps Robert Lucas Jr. Edward C. Prescott Peter Diamond William Nordhaus Joseph...
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Unemployment. It was subsequently advocated by American economists Edmund Phelps and Scott Sumner, by American policy advisor Oren Cass, and by British...
23 KB (3,081 words) - 12:38, 7 May 2024
Since the 1960s, economists like Nobel Laureates Milton Friedman and Edmund Phelps have made ground in their arguments that inflationary expectations negate...
77 KB (9,108 words) - 18:22, 26 April 2024
Richard Stone Hyman Minsky Milton Friedman Paul Samuelson Lawrence Klein Edmund Phelps Robert Lucas Jr. Edward C. Prescott Peter Diamond William Nordhaus Joseph...
20 KB (2,698 words) - 09:46, 4 January 2024