Certain long swings in activity may involve one or more non-monetary mechanisms not yet studied. Unlike the fundamentally classical quot;realquot; theory of the business cycle refined in this decade, the emerging line of quot;realquot; models called structuralist, such as the model here, hinges...

For decades, my research was driven by outstanding problems in macroeconomics: mainly growth theory and employment theory. Then, around 1990, my research turned to the study of economic systems and my development as an economist took on added dimensions. This biography will start with my student...

Interview with the 2006 Laureate in Economics, Edmund S. Phelps, 6 December 2006. The interviewer is Rupini Bergstrom, freelance journalist.

Nobel Prize Lecture, December 8, 2006