Books
My Journeys in Economic Theory
(Columbia University Press, 2023)
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My Journeys in Economic Theory charts two major phases of Phelps’s work, illuminating the breadth of his contributions to the field. First, introducing the expectations of wage setters and cofounding the “equilibrium” rate of unemployment, he built the microeconomic foundations for the employment theory pioneered by Keynes and Hicks. More recently, he conceived a theory of “mass flourishing” superseding Schumpeter and Solow’s conception of the process of innovating—a theory in which individuals’ creativity and society’s dynamism fuel grassroots innovation and generate job satisfaction in the process.
At its core, this book shares the joy of intellectual achievement: the excitement of coming up with a new idea that radically departs from prevailing views and the satisfaction of exercising one’s own ingenuity instead of applying or developing others’ models., My Journeys provides a profound vision of a dynamic, modern economy that offers lives rich with creativity and meaning.
Dynamism: The Values That Drive Innovation, Job Satisfaction, and Economic Growth with Raicho Bojilov, Hian Teck Hoon and Gylfi Zoega
(Harvard University Press, May 2020)
Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change
(Princeton University Press, 2013)
Rethinking Expectations: The Way Forward For Macroeconomics
Edited by Roman Frydman and Edmund Phelps
(Princeton University Press, December 2012)
Rewarding Work: How to Restore Participation and Self-Support to Free Enterprise
(Harvard University Press, 1997, 2007)
Designing Inclusion: Tools to Raise Low-end Pay and Employment in Private Enterprise
Edited by Edmund Phelps
(Cambridge University Press, 2003)
Knowledge, Information and Expectations in Modern Macroeconomics
Edited by Aghion, Frydman, Stiglitz and Woodford
(Princeton University Press, 2003)
Enterprise and Inclusion in Italy
(Springer, 2002)
Structural Slumps: The Modern Equilibrium Theory of Employment, Interest and Assets with Hian Teck Hoon, George Kanaginis, and Gylfi Zoega
(Harvard University Press, 1994)
Recent Developments in Macroeconomics, 3 Vols.
Edited by Edmund Phelps
(Edward Elgar Publishing, 1991)
The Slump in Europe: Open Economy Theory Reconstructed with Jean-Paul Fitoussi
(Basil Blackwell, 1988)
Individual Forecasting and Aggregate Outcomes: ‘Rational Expectations’ Examined
Edited by Edmund Phelps Roman Frydman
(Cambridge University Press, 1983)
Studies in Macroeconomic Theory Volume 2: Redistribution and Growth
(Academic Press, 1980)
Studies in Macroeconomic Theory Volume 1: Employment and Inflation
(Academic Press, 1979)
Economic Justice
Edited by Edmund Phelps
(Penguin, 1974)
Microeconomic Foundations of Employment and Inflation Theory
Edited by Edmund Phelps
(W.W. Norton, 1970; Macmillan, 1971)
Problems of the Modern Economy
Edited by Edmund Phelps with Bela Balassa, William G Bowen, Edward C. Budd, Edwin Mansfield, Arthur M. Okun, and Gustav Ranis
(W.W. Norton, 1966)
Golden Rules of Economic Growth
(W.W. Norton, 1966)
Fiscal Neutrality Toward Economic Growth
(McGraw-Hill Book Co., 1965)
