Best quotes by Edmund Phelps on Growth
Checkout quotes by Edmund Phelps on Growth
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‟ America's peak years of indigenous innovation ran from the 1820s to the 1960s. There were a few financial panics and two depressions, to be sure. But in this period, a frenzy of creative activity, economic competition and rapid growth in national income provided widening economic inclusion, rising wages for all, and engaging careers for most.
- 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.
- Edmund Phelps
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‟ Mass prosperity came with the mass innovation that sprung up in 1815 in Britain, soon after in America, and later in Germany and France: It brought sustained growth to these nations - also to nations with entrepreneurs willing and able to copy the innovations.
- Edmund Phelps
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‟ For decades, my research was driven by outstanding problems in macroeconomics: mainly growth theory and employment theory.
- Edmund Phelps
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‟ The main cause of Europe's deep fall - the losses of inclusion, job satisfaction and wage growth - is the devastating slowdown of productivity that began in the late 1990s and struck large swaths of the continent. It holds down the growth of wages rates, and it depresses employment.
- Edmund Phelps
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‟ After a major loss of dynamism in the 1960s, productivity growth rates began dropping in most countries, falling by half in the U.S. in the 1970s and more or less ceasing altogether in France, Germany and Britain in the late 1990s.
- Edmund Phelps
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‟ The Keynesian belief that 'demand' is always at the root of underemployment and slow growth is a fallacy.
- Edmund Phelps