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Edmund Phelps Quotes


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Quotes by Edmund Phelps

Showing 81-90 of 93 Quotes by Edmund Phelps

Economics has paid a terrible price for its dalliances with the Keynesian and neoclassical theories.

~Edmund Phelps

Topics: Economics Paid Price Terrible Theories

Keywords: None


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The need to encourage entrepreneurship and ensure that young people have the opportunity to start new businesses is acute.

~Edmund Phelps

Topics: Acute Businesses Encourage Ensure Entrepreneurship Need New Opportunity People Start Young Young People

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Narrow banks could restart effective intermediation and ensure that consumers and employment-creating small and medium-size enterprises are adequately financed and can contribute to the reactivation of the economy.

~Edmund Phelps

Topics: Adequately Banks Consumers Contribute Could Economy Effective Ensure Enterprises Financed Narrow Small

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I would like to see people dreaming of striking out on their own into some other country or their own, wherever they feel the action is, in the hope of an exciting and rewarding career.

~Edmund Phelps

Topics: Action Career Country Dreaming Exciting Feel Hope Like Other Out Own People Rewarding See Some Striking Wherever Would

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The epic story of the West is the development in the 19th century of a mass prosperity the world had never seen and its near-disappearance in one nation after another in the 20th.

~Edmund Phelps

Topics: After Another Century Development Epic Had Mass Nation Never One Nation Prosperity Seen Story West World 19Th Century

Keywords: None


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Mass prosperity came with the mass innovation that sprung up in 1815 in Britain, soon after in America, and later in Germany and France: It brought sustained growth to these nations - also to nations with entrepreneurs willing and able to copy the innovations.

~Edmund Phelps

Topics: Able After Also America Britain Brought Came Copy Entrepreneurs France Germany Growth Innovation Innovations Later Mass Nations Prosperity Soon Sustained Up Willing

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Corporatist attitudes against capitalism came to the fore in the 1920s. Corporatists, with their conservative values, hated the invasion of towns and regions by new businesses, upsetting traditional ways, wealth and status.

~Edmund Phelps

Topics: Against Attitudes Businesses Came Capitalism Conservative Fore Hated Invasion New Regions Status Towns Traditional Upsetting Values Ways Wealth 1920S

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Germany, Italy and France appear to possess less dynamism than do the U.S. and the others.

~Edmund Phelps

Topics: Appear Dynamism France Germany Italy Less Others Possess Than

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Entrepreneurs' willingness to innovate or just to invest - and thus create new jobs - is driven by their 'animal spirits,' as they decide whether to leap into the void.

~Edmund Phelps

Topics: Animal Create Decide Driven Entrepreneurs Innovate Invest Jobs Just Leap New New Jobs Spirits Thus Void Whether Willingness

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The celebration of homeownership seems to be part of a countermovement against popular owning of shares in corporations.

~Edmund Phelps

Topics: Against Celebration Corporations Owning Part Popular Seems Shares

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Biography

Nationality: American

Type: Economist

Born: July 26th, 1933

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