My Journeys in Economic Theory

My Journeys in Economic Theory
Author :
Publisher : Columbia University Press
Total Pages : 287
Release :
ISBN-10 : 9780231556910
ISBN-13 : 0231556918
Rating : 4/5 (918 Downloads)

Book Synopsis My Journeys in Economic Theory by : Edmund Phelps

Download or read book My Journeys in Economic Theory written by Edmund Phelps and published by Columbia University Press. This book was released on 2023-05-16 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: Edmund Phelps is among the most important economists of his generation. He developed a new understanding of unemployment and inflation and went on to rethink the roots of innovation. His work represents a lifelong project to put “people as we know them” into economic theory. In this book, Phelps tells the story of his role in reshaping economic theory, offering a powerful personal account of a creative and rewarding career. 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. More recently, he conceived a theory of “mass flourishing” superseding Schumpeter and Solow’s conception of the process of innovating—a theory in which individuals’ creativity and society’s dynamism fuel grassroots innovation and generate job satisfaction in the process. Phelps recounts his vivid experiences in the world of economics—fierce arguments, competition and collaboration, and the good fortune of time spent among some great figures—as well as his relationships with luminaries such as John Rawls, Thomas Nagel, Paul Samuelson, and Paul Volcker. At its core, this book shares the joy of intellectual achievement: the excitement of coming up with a new idea that radically departs from prevailing views and the satisfaction of exercising one’s own ingenuity instead of applying or developing others’ models. Telling the story of a life packed with intellectual adventure, My Journeys in Economic Theory provides a profound vision of a dynamic, modern economy that offers lives rich with creativity and meaning.


My Journeys in Economic Theory Related Books

My Journeys in Economic Theory
Language: en
Pages: 287
Authors: Edmund Phelps
Categories: Biography & Autobiography
Type: BOOK - Published: 2023-05-16 - Publisher: Columbia University Press

DOWNLOAD EBOOK

Edmund Phelps is among the most important economists of his generation. He developed a new understanding of unemployment and inflation and went on to rethink th
Mass Flourishing
Language: en
Pages: 393
Authors: Edmund S. Phelps
Categories: Business & Economics
Type: BOOK - Published: 2013-08-19 - Publisher: Princeton University Press

DOWNLOAD EBOOK

In this book, Nobel Prize-winning economist Edmund Phelps draws on a lifetime of thinking to make a sweeping new argument about what makes nations prosper--and
Seven Schools of Macroeconomic Thought
Language: en
Pages: 124
Authors: Edmund S. Phelps
Categories: Business & Economics
Type: BOOK - Published: 1990-05-17 - Publisher: Clarendon Press

DOWNLOAD EBOOK

This book offers an excellent survey of various macroeconomic topics which feature prominently in the research agenda and have inspired both theoretical and pol
Dynamism
Language: en
Pages: 257
Authors: Edmund Phelps
Categories: Business & Economics
Type: BOOK - Published: 2020-05-05 - Publisher: Harvard University Press

DOWNLOAD EBOOK

Nobel Laureate Edmund Phelps and an international group of economists argue that economic health depends on the widespread presence of certain values, in partic
Willful
Language: en
Pages: 253
Authors: Richard Robb
Categories: Business & Economics
Type: BOOK - Published: 2019-11-12 - Publisher: Yale University Press

DOWNLOAD EBOOK

A revelatory alternative to the standard economic models of human behavior that proposes an exciting new way to understand decision-making Why do we do the thin