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Listed author(s):
  • Phelps, Edmund S.

    (Columbia University)

For decades, my research was driven by outstanding problems in macroeconomics: mainly growth theory and employment theory. Then, around 1990, my research turned to the study of economic systems and my development as an economist took on added dimensions. This biography will start with my student period and go on to my new direction. The two periods seem to me to be linked and I will be drawing some of the connections. I will recount too the intervening period when macroeconomics was in revolution and I was one of the revolutionaries. So this biography gives my account of the battles that started in the 1960s between, on the one side, those economists who wanted macroeconomic models to have lifelike actors whose expectations and beliefs were causal forces and, on the other side, those who did not.

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Paper provided by Nobel Prize Committee in its series Nobel Prize in Economics documents with number 2006-3.

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Length: 1 pages
Date of creation: 2007
Handle: RePEc:ris:nobelp:2006_003
Note: From Les Prix Nobel. The Nobel Prizes 2006, Editor Karl Grandin, [Nobel Foundation], Stockholm, 2007
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