When a governmental crisis subsides, citizens are apt to wonder whether all the deficit spending is going to cost something. This situation is the subject of wildly differing views. Which view appears to be most nearly right? The Keynesian view that public debt serves to pull up employment, thus...

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