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To pump up consumer or government demand would force interest rates up and asset prices down, possibly by enough to destroy more jobs than are created.

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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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