It was gradually learned that acceptance of a …– Edmund Phelps
It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment.
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It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment.
There’s such a preoccupation with liquidity and such an unwillingness to invest beyond the horizon of the next quarter and making sure that the CEOs
To prosper and advance, the American business sector is going to need a financial system oriented toward business, not ‘home ownership.’
I grew up, until age 6, in Chicago. My parents rented their apartment and, at the end of the Depression, my parents wanted to replicate
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
The level of dynamism is a matter of how fertile the country is in coming up with innovative ideas having prospects of profitability, how adept
I attended Amherst College from 1951 to 1955. The first two years were a revelation. There were innumerable exchanges with brilliant classmates, among them the
After a major loss of dynamism in the 1960s, productivity growth rates began dropping in most countries, falling by half in the U.S. in the
In America, black urban teenagers have long been lacking in inclusion. In France, there is a comparable lack of inclusion among North Africans. In much
Entrepreneurs’ willingness to innovate or just to invest – and thus create new jobs – is driven by their ‘animal spirits,’ as they decide whether
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