I was born in the city of New York on August 23, 1921. My undergraduate education, at the City College in New York, was made possible only by the existence of that excellent free institution and the financial sacrifices of my parents. I was graduated in 1940 with a degree of Bachelor of Science...

Lecture to the memory of Alfred Nobel, December 12, 1972

Lecture to the memory of Alfred Nobel, December 11, 1970

"In this age of specialization, I sometimes think of myself as the last 'generalist' in economics," wrote Paul Anthony Samuelson, Professor of Economics at the Massachusetts Institute of Technology, "with interests that range from mathematical economics down to current financial journalism. My...

Lecture to the memory of Alfred Nobel, April 27, 1973

I was born in 1904 at Warwick, England, where my father was a journalist on a local newspaper. I was educated at Clifton College (1917-22) and at Balliol College, Oxford (1922-26), an expensive education financed by mathematical scholarships. Thus, during my school days, and in my first year at...

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.

Information for the Public, The Prize in Economic Sciences 2006. Full employment, stable prices and rapid growth are central goals of economic policy. But policy always faces difficult goal conflicts. How should inflation and unemployment be balanced against each other? What tradeoff should be...

Advanced information on Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2006. The relationship between inflation and unemployment and the trade-off between the welfare of current and future generations are key issues in macroeconomic research. They have a strong influence...