Phrase by 'Edmund Phelps'
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The 1920s and 1930s were a period of sensational productivity growth: new products were springing up all over the place, and most of those new products and new methods were developed by people who started their own companies.
Author: Edmund Phelps - American EconomistPeople , New , Place , Growth
An economy open to new concepts and novel ventures is bound to generate unequal gains.
Author: Edmund Phelps - American EconomistNew , Open , Economy , Novel
Workers in decent jobs view the economy as unjust if they or their children have virtually no chance of climbing to a higher rung in the socioeconomic ladder.
Author: Edmund Phelps - American EconomistView , Children , Chance , Ladder
I just think that the Europeans are depriving themselves of a high-employment economy, and they are depriving themselves of intellectual stimulation in the workplace - and personal growth - by sticking to the stultifying, rigid system that I call corporatism.
Author: Edmund Phelps - American EconomistThink , Growth , Intellectual , Workplace
Without being aware, I think I was being indoctrinated into what was called Vitalism, the idea that what makes life worth living, the good life, consists of accepting challenges, solving problems, discovery, personal growth, personal change.
Author: Edmund Phelps - American EconomistLife , Good , Change , Challenges
The epic story of the West is the development in the 19th century of a mass prosperity the world had never seen and its near-disappearance in one nation after another in the 20th.
Author: Edmund Phelps - American EconomistNever , World , Story , Nation
Capitalist systems function less well without state protection of investors, lenders, and companies against monopoly, deception, and fraud.
Author: Edmund Phelps - American EconomistAgainst , Without , Deception , Fraud
Companies like Google and Facebook may offer jobs allowing or requiring imagination and creativity, but the whole of Silicon Valley accounts for only 3 percent of national income and a smaller percentage of national employment.
Author: Edmund Phelps - American EconomistLike , Imagination , Creativity , Google
Democrats and Republicans have been very keen to make home ownership almost a national purpose.
Author: Edmund Phelps - American EconomistHome , Make , Purpose , Ownership
Most of the big banks were shot through with short-termism, deceptive practices and self-dealing. We must institute basic changes in corporate governance and in management practice to restore responsibility and honesty for the sake of the economy and for the self-respect of the country.
Author: Edmund Phelps - American EconomistResponsibility , Self-Respect , Honesty
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