This book originated from a 2010 conference marking the fortieth anniversary of the publication of the landmark "Phelps volume," Microeconomic Foundations of Employment and Inflation Theory, a book that is often credited with pioneering the currently dominant approach to macroeconomic analysis....

In the author's opinion, the origin of the economic recession taking place in most countries resides in the house price crashes happened in the USA's and UK's housing markets. The financial crisis has been caused by many factors, which are analysed here. Some ways of how to manage the crisis are...

The presented book “Mass Flourishing” by Edmund Phelps, winner of the 2006 Nobel Economics Prize, proposes a new perspective on what the prosperity of nations is. According to the author, the prosperity at a national scale comes from the broad involvement of people with innovations. These...

We introduce reported job satisfaction as a measure of economic performance and find it positively correlated with GDP per capita and the labor force participation rate in a sample of OECD countries and negatively correlated with unemployment. Moreover, we find that many measures of corporatism,...

CEP congratulates Professor Edmund S. Phelps of Columbia University on being awarded the 2006 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.