Archive for August 2010
Phelps on innovation
In an interesting op-ed in Saturday’s New York Times, Edmund Phelps, the Nobel-prize winning economist at Columbia University, called for a “focus on fixing the structural problems, that, unresolved, will stymie the economy over the long haul”. It is defintely worth reading. Like many economists, Phelps criticizes Keynesian ideas about insufficient demand. But unlike many other […]
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