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A Flourishing Economist: A Review Essay on Edmund Phelps's Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change

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  • Joel Mokyr

Abstract

In his recent Mass Flourishings, Edmund Phelps makes a strong and eloquent plea for a more dynamic economy, which he sees not only as a key for economic performance, but also as necessary for what he calls "the good life." This review essay evaluates those claims in the light of economic history.

Suggested Citation

  • Joel Mokyr, 2014. "A Flourishing Economist: A Review Essay on Edmund Phelps's Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change," Journal of Economic Literature, American Economic Association, vol. 52(1), pages 189-196, March.
    • Handle: RePEc:aea:jeclit:v:52:y:2014:i:1:p:189-96
    Note: DOI: 10.1257/jel.52.1.189
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    References listed on IDEAS

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    1. McCloskey, Deirdre Nansen, 2006. "The Bourgeois Virtues," University of Chicago Press Economics Books, University of Chicago Press, number 9780226556635, September.
    2. Crafts,Nicholas & Toniolo,Gianni (ed.), 1996. "Economic Growth in Europe since 1945," Cambridge Books, Cambridge University Press, number 9780521499644.
    3. Peter Lindert, 2004. "Social Spending and Economic Growth," Challenge, Taylor & Francis Journals, vol. 47(4), pages 6-16.
    4. Peter M. Solar, 1995. "Poor relief and English economic development before the industrial revolution," Economic History Review, Economic History Society, vol. 48(1), pages 1-22, February.
    5. Chris Vickers & Nicolas L. Ziebarth, 2016. "Economic Development and the Demographics of Criminals in Victorian England," Journal of Law and Economics, University of Chicago Press, vol. 59(1), pages 191-223.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. David E. Hojman, 2016. "Getting Innovation Right: The Key to Happiness and Flourishing?," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 33(4), pages 311-316, December.
    2. Ng, Yew-Kwang, 2018. "Ten rules for public economic policy," Economic Analysis and Policy, Elsevier, vol. 58(C), pages 32-42.
    3. Peter Sunley & Ron Martin & Peter Tyler, 2017. "Cities in transition: problems, processes and policies," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 10(3), pages 383-390.
    4. Tubadji, Annie & Nijkamp, Peter & Santarelli, Enrico, 2017. "Shacklean Uncertainty and Cultural Embeddedness as Innovation Constraints in the UK," GLO Discussion Paper Series 111, Global Labor Organization (GLO).

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    More about this item

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • N00 - Economic History - - General - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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