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Edmund Phelps Quotes


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Quotes by Edmund Phelps

Showing 31-40 of 93 Quotes by Edmund Phelps

The best part of the high school in Hastings must have been the Music Department. Its orchestra and concert band did well in county competitions, and the dance band formed by its students was the best in the region. I played lead trumpet in all of them.

~Edmund Phelps

Topics: Band Been Best Best Part Competitions Concert County Dance Department Did Formed High High School Lead Music Must Orchestra Part Played Region School Students Them Trumpet Well

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A nation's economy is more than its markets, tastes, technologies and property rights.

~Edmund Phelps

Topics: Economy Markets More Nation Property Property Rights Rights Tastes Technologies Than

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When I was a teenager, I learned to play the trumpet. Music became my passion.

~Edmund Phelps

Topics: Became Learned Music Passion Play Teenager Trumpet

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When I was in college at Amherst, my father asked me a favor: to take one course in economics. I loved it - for the challenge of its mysteries.

~Edmund Phelps

Topics: Amherst Asked Challenge College Course Economics Father Favor Loved Me Mysteries Take

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I didn't do my work for money or prizes - only for the excitement of discovery.

~Edmund Phelps

Topics: Discovery Excitement Money Only Prizes Work

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I've lived to see key parts of my research absorbed in textbooks and in central banks around the world. And some finance ministries, too.

~Edmund Phelps

Topics: Absorb Around Banks Central Finance Key Lived Parts Research See Some Textbooks Too World

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In the 1960s, and stretching back to the 1930s, it was felt by many economists that easy money is a reliable way to increase employment.

~Edmund Phelps

Topics: Back Easy Economists Employment Felt Increase Many Money Reliable Stretching Way 1960S 1930S

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It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment.

~Edmund Phelps

Topics: Acceptance Bring Employment Gradually Higher Inflation Learned Rate Really Somewhat Would

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I do think from time to time that conceptual questions arise: What do we mean by equilibrium? What do we mean by this concept and that concept?

~Edmund Phelps

Topics: Arise Concept Conceptual Equilibrium From Time To Time Mean Questions Think Time

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A healthy economics has got to have both conceptual, theoretical research and applied, empirical research.

~Edmund Phelps

Topics: Applied Both Conceptual Economics Empirical Got Healthy Research Theoretical

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Biography

Nationality: American

Type: Economist

Born: July 26th, 1933

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