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Edmund S. Phelps

Edmund S. Phelps

37 commentaries

Edmund S. Phelps, the 2006 Nobel laureate in economics and Director of the Center on Capitalism and Society at Columbia University, is author of Mass Flourishing and co-author of Dynamism.

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  1. Recovering Prosperity
    phelps34_Alexi RosenfeldGetty Images_USuniversitywelcome Alexi Rosenfeld/Getty Images

    Recovering Prosperity

    Sep 28, 2021 Edmund S. Phelps & Mohammad A. Salhut argue that the key to success is to nurture the values that drive innovation.

  2. An Interview with Edmund S. Phelps
    A worker presents a chip for fifth-generation (5G) mobile networks at China Electronics Technology Group Zhang Bin/China News Service/VCG via Getty Images

    An Interview with Edmund S. Phelps

    May 4, 2021 Edmund S. Phelps identifies thinkers who led economics astray, assesses China’s innovative capacity, and shows why employment subsidies would do far more good than a universal basic income.

  3. The Economic Case for Biden
    phelps32_Drew AngererGetty Images_biden Drew Angerer/Getty Images

    The Economic Case for Biden

    Sep 21, 2020 Edmund S. Phelps explains why the Democratic ticket is better not just for American democracy but also for the US economy.

  4. Poverty as Injustice
    phelps31_Spencer PlattGetty Images_protest Spencer Platt/Getty Images

    Poverty as Injustice

    Aug 28, 2020 Edmund S. Phelps considers how Western societies can strike a balance between social support and economic growth.

  5. The Robot Question
    phelps30_Hu YuanjiaVCG via Getty Images_chinarobotworkertechnologymanufacturing Hu Yuanjia/VCG via Getty Images

    The Robot Question

    Aug 6, 2020 Edmund S. Phelps considers the effects of automation and artificial intelligence from the perspective of welfare economics.

  1. eichengreen201_Spencer PlattGettyImages_jay_powell Spencer Platt/Getty Images
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    The Fed, the Fund, and the Bank in Trump’s Crosshairs

    Barry Eichengreen

    Unlike during his first term, US President Donald Trump no longer seems to care if his policies wreak havoc in financial markets. This time around, Trump seems to be obsessed with his radical approach to institutional deconstruction, which includes targeting the Federal Reserve, the International Monetary Fund, and the World Bank.

     explains why the US president’s second administration, unlike his first, is targeting all three.
  2. gros196_NurPhotoGettyImages_von_der_leyen_zelensky NurPhoto/Getty Images
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    Europe Can Easily Safeguard Ukraine

    Daniel Gros points out that the EU, the UK, and Norway have all they need to keep Russia at bay, without help from the US.
  3. roubini193_iamginimaGetty Images_northamericatrade imaginima/Getty Images
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    Toward a North American Economic Union

    Nouriel Roubini explains why Canada, Mexico, and the United States should pursue EU-style integration.
  4. haldar43_Daniel GrizeljGettyImages_globe_deflated Daniel Grizelj/Getty Images
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    Why Global Governance Is Failing

    Antara Haldar argues that we need to look beyond the nation-state to develop a more “planetary” mode of thinking.
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    Europe Must Break Free from Its Digital Dependence

    Cristina Caffarra highlights a new push to bolster the EU’s technological capabilities and achieve strategic autonomy.
  6. hoven1_Ashley CooperConstruction PhotographyAvalonGetty Images_housesolarpanel Ashley Cooper/Construction Photography/Avalon/Getty Images
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    The Key to Universal Energy Access Is Green

    Ingrid-Gabriela Hoven & Francesco La Camera tout the transformative potential of distributed renewable energy systems.
  7. rajan97_Douglas RissingGettyImages_us_dollar_treasury Douglas Rissing/Getty Images
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    Trumponomics’ Exorbitant Burden

    Raghuram G. Rajan is unpersuaded by the argument made by presidential advisers for unilaterally restructuring global trade.
  8. norrlof11_SOPA ImagesGettyImages_bitcoin_us_dollar SOPA Images/Getty Images
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    Trump, Bitcoin, and the Future of the Dollar

    Carla Norrlöf

    By launching new trade wars and ordering the creation of a Bitcoin reserve, Donald Trump is assuming that US trade partners will pay any price to maintain access to the American market. But if he is wrong about that, the dominance of the US dollar, and all the advantages it confers, could be lost indefinitely.

     doubts the US administration can preserve the greenback’s status while pursuing its trade and crypto policies.
  9. khrushcheva190_Andrew HarnikGettyImages_trump_zelensky_oval_office Andrew Harnik/Getty Images
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    Fear and Loathing in the Oval Office

    Nina L. Khrushcheva sees traces of Stalin and Mao in Donald Trump’s penchant for ritual humiliation of foe and friend alike.

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