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Lives of the LaureatesTwenty-three Nobel Economists$
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Roger W. Spencer and David A. Macpherson

Print publication date: 2014

Print ISBN-13: 9780262027960

Published to MIT Press Scholarship Online: May 2015

DOI: 10.7551/mitpress/9780262027960.001.0001

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PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 02 August 2021

Edmund S. Phelps

Edmund S. Phelps

Chapter:
(p.335) Edmund S. Phelps
Source:
Lives of the Laureates
Author(s):

Roger W. Spencer

David A. Macpherson

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262027960.003.0019

This chapter examines the life of Edmund S. Phelps, another Nobel Prize awardee. Phelps was born in 1933 and received his Ph.D. f Yale in 1959. He was appointed professor of economics at the University of Pennsylvania in 1966 and served as a director at Columbia University until 2001. The chapter looks at his struggle to depart from the scientism and determinism of the neo-Keynesian school. He was labeled a radical. His Microeconomic Foundations, published in 1970, pointed to the arrival of micro-macro movement in economics. His publications include Inflation Policy and Unemployment Theory and Political Economy: An Introductory Text.

Keywords:   Edmund S. Phelps, neo-Keynesian school, Microeconomic Foundations, micro-macro economics

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