The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...

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 this engaging and fascinating memoir, Ned Phelps not only recounts the endeavors of how he reshaped the field, it details the relationships he formed with influential economists like Paul Samuelson, with philosophers like John Rawls, and eminent artistic figures of the 20th centuries....