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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
My Journeys in Economic Theory

My Journeys in Economic Theory

Phelps, Edmund

Hardcover

Biographies GeneralEconomics

ISBN10: 0231207301
ISBN13: 9780231207300
Publisher: Columbia Univ Pr
Published: May 16 2023
Pages: 248
Weight: 0.90
Height: 1.00 Width: 5.60 Depth: 8.60
Language: English

Edmund Phelps is among the most important economists of his generation. He developed a new understanding of unemployment and inflation and went on to rethink the roots of innovation. His work represents a lifelong project to put people as we know them into economic theory.


In this book, Phelps tells the story of his role in reshaping economic theory, offering a powerful personal account of a creative and rewarding career. My Journeys in Economic Theory charts two major phases of Phelps's work, illuminating the breadth of his contributions to the field. First, introducing the expectations of wage setters and cofounding the equilibrium rate of unemployment, he built the microeconomic foundations for the employment theory pioneered by Keynes and Hicks. More recently, he conceived a theory of mass flourishing superseding Schumpeter and Solow's conception of the process of innovating-a theory in which individuals' creativity and society's dynamism fuel grassroots innovation and generate job satisfaction in the process.

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