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Edmund S. Phelps

Edmund S. Phelps

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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.

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    Fintech Must Embrace Universal Inclusion

    Carl Manlan & Adanna Chukwuma point out that developing financial products for people with disabilities is a major economic opportunity.
  2. krueger82_Ishara S. KodikaraGettyImages_sri_lanka_debt_crisis Ishara S. Kodikara/Getty Images
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    The Urgency of Global Debt Reform

    Anne O. Krueger highlights the need for an international framework that prevents prolonged restructuring negotiations.
  3. rajan96_Pallava BaglaCorbis via Getty Images_indiaengineer Pallava Bagla/Corbis via Getty Images
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    Economic Development in a Protectionist World

    Raghuram G. Rajan thinks poorer countries should be exploring new growth models, regardless of whether a new trade war erupts.
  4. anelson2_Jam Sta RosaGettyImages_alice_guo_poster Jam Sta Rosa/Getty Images
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    China Takes Aim at Philippine Democracy

    Adam Nelson & May Butoy urge the US and its regional allies to focus on helping policymakers address five key vulnerabilities.
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    The Economic Consequences of Trump 2.0

    Simon Johnson explains why reality is unlikely to come close to matching the US president-elect's rhetoric.
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    Our AI Near-Future

    Charles Ferguson

    Although AI has great potential to bring exciting changes to education, art, medicine, robotics, and other fields, it also poses major risks, most of which are not being addressed. Judging by the response so far from political and other institutions, we can safely expect many years of instability.

     offers a brief roadmap of how the technology will evolve and be deployed over the next few years.
  7. tharoor198_AnadoluGettyImages_kash_patel_maga Anadolu/Getty Images
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    The Indians Dividing MAGA

    Shashi Tharoor shows how one immigrant group became central to the “civil war” within Donald Trump’s base.
  8. james225_AnadoluGettyImages_un_security_countil_meeting Anadolu/Getty Images
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    Shock Therapy for Multilateralism

    Harold James considers what another Donald Trump presidency will, and will not, mean for global cooperation.
  9. rogoff257_Drew AngererGetty Images_trumppowell Drew Angerer/Getty Images
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    Will Trump Fire the Fed?

    Kenneth Rogoff

    Despite Donald Trump’s assurances that he will not seek to remove Federal Reserve Chair Jerome Powell, there is little doubt that the US president-elect aims to gain greater influence over the Fed’s decision-making. Such interference could drive up long-term interest rates, damaging the American economy.

     worries about the incoming US administration’s plans to weaken the central bank’s independence.

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