Edmund Phelps

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

Edmund Phelps

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Edmund Phelps

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The fallacy of the neoclassicals is their tenet that total employment, though hit by shocks, can be said always to be heading back to some normal level.

I was promised on a time – to have reason for my rhyme; From that time unto this season, I received nor rhyme nor reason.

April 26, 2024

I was promised on a time – to have reason for my rhyme; From that time unto this season, I received nor rhyme nor reason.

April 26, 2024

The fallacy of the neoclassicals is their tenet that total employment, though hit by shocks, can be said always to be heading back to some normal level.

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

Edmund Phelps

Other Quote

The fallacy of the neoclassicals is their tenet that total employment, though hit by shocks, can be said always to be heading back to some normal level.

I was promised on a time – to have reason for my rhyme; From that time unto this season, I received nor rhyme nor reason.

I was promised on a time – to have reason for my rhyme; From that time unto this season, I received nor rhyme nor reason.

The fallacy of the neoclassicals is their tenet that total employment, though hit by shocks, can be said always to be heading back to some normal level.

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

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