18 January 2020

Edmund S. Phelps

The writer, the 2006 Nobel laureate in economics, is Director of the Center on Capitalism and Society at Columbia University and author of Mass Flourishing.
  • America’s success is in large part due to an economy that gave participants the freedom to be enterprising. Photo: TV Tropes

    This thing called the American Dream

    - Aug 29, 2017 9:01am
    In 1968, gonzo journalist Hunter S. Thompson mused about “this Death of the American Dream thing.” But what was this thing called the American Dream? What made it uniquely American? For some, the Dream was Americans’...
  • Neither austerity nor unrestrained government spending will help Greece's economy stay afloat. Photo: AFP

    What Greece needs to prosper

    - Aug 7, 2015 8:28am
    Some economists overlook the modern idea that a country’s prosperity depends on innovation and entrepreneurship. They take the mechanistic view that prosperity is a matter of employment and that employment is determined by “demand” – government...