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Frases de Edmund S. Phelps

Edmund Strother Phelps es un economista estadounidense.

Hizo sus estudios en la Universidad de Yale y actualmente es profesor en la Universidad de Columbia en EE.UU. En el año 2006 fue laureado con el Premio del Banco de Suecia en Ciencias Económicas en memoria de Alfred Nobel, por sus aportes en el análisis sobre las compensaciones internacionales en las políticas macroeconómicas. Wikipedia  

✵ 26. julio 1933
Edmund S. Phelps Foto
Edmund S. Phelps: 2 citas0 Me gusta

Edmund S. Phelps: Frases en inglés

“The stampede toward “rational expectations” — widely thought to be a “revolution,” though it was only a generalization of the neoclassical idea of equilibrium—derailed the expectations-driven model building that had just left the station. In the end, this way of modeling has not illuminated how the world economy works.”

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Edmund Phelps

Edmund S. Phelps (2007) "Foreword," in Roman Frydman and Michael D. Goldberg, Imperfect Knowledge Economics: Exchange Rates and Risk.

“What theory can we use to get us out of the impending slump quickly and reliably? To use the 'new classical' theory of fluctuations begun at Chicago in the 1970s – the theory in which the "risk management" models are embedded – is unthinkable, since it is precisely the theory falsified by the asset price collapse. The thoughts of some have turned to John Maynard Keynes. His insights into uncertainty and speculation were deep. Yet his employment theory was problematic and the 'Keynesian' policy solutions are questionable at best…. At the end of his life Keynes wrote of 'modernist stuff, gone wrong and turned sour and silly'. He told his friend Friedrich Hayek he intended to re-examine his theory in his next book. He would have moved on. The admiration we all have for Keynes's fabulous contributions should not sway us from moving on.”

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Edmund Phelps

Edmund Phelps "Keynes had no sure cure for slumps."in: The Financial Times. Columbia University, November 4, 2008.

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