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Entrepreneurs have only the murkiest picture of the future in which they are making their bets, and also there is ambiguity: they don’t know when they push this lever or that lever that the outcome is going to be what they think it is going to be – there is the law of unanticipated consequences.

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Edmund Phelps

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In societies where one sees a higher prevalence of ‘modern values’ – individualism, vitalism and self-expression – there’s also higher reported job satisfaction.

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I’ve lived to see key parts of my research absorbed in textbooks and in central banks around the world. And some finance ministries, too.

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April 26, 2024

I’ve lived to see key parts of my research absorbed in textbooks and in central banks around the world. And some finance ministries, too.

Previous

April 26, 2024

In societies where one sees a higher prevalence of ‘modern values’ – individualism, vitalism and self-expression – there’s also higher reported job satisfaction.

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