Edmund Phelps : (7)

" Liberal redistributionists in favor of heavy taxation place less weight on incentive than do small-government conservatives. " - Edmund Phelps

" My thinking has always been that the worst problem we have with regard to lack of inclusion is the terribly low labor force participation rates and terribly high unemployment rates of young men, especially young men in ethnic minority groups and, in particular, young black men. " - Edmund Phelps

" The fallacy of the neoclassicals is their tenet that total employment, though hit by shocks, can be said always to be heading back to some normal level. " - Edmund Phelps

" A nation’s economy is more than its markets, tastes, technologies and property rights. " - Edmund Phelps

" Things can get only so bad. People want to eat, so at some point they resist further cuts to their consumption – it’s not a bottomless pit. " - Edmund Phelps

" I started to think about what drives innovation and what its social significance might be. The next step was to think innovators are taking a leap into the unknown. That led me to the thought that it is also a source of fun and employee engagement. " - Edmund Phelps

" Those of us born into vitalist and expressionist cultures must hope that governments will draw back from shutting down the modernist project of exploring, experimenting, and imagining – of voyaging into the unknown – that has been essential for rewarding lives. " - Edmund Phelps