Dissatisfied with explanations of the business cycle provided by Keynesian, monetarist, New Keynesian, and real business cycle schools, Phelps has developed from existing modern and classical strains a radical theory…

Phelps explores what makes nations prosper–and why the sources of that prosperity are under threat today. Why did prosperity explode in some nations between the 1820s and 1960s, creating not…

This book originated from a 2010 conference marking the fortieth anniversary of the publication of the landmark Phelps volume, Microeconomic Foundations of Employment and Inflation Theory, a book that is…

The subject of this book is the kind of economic interaction and interdependence that has arisen among nations in the contemporary world economy, the nature and significance of the pattern…

New Institutional Economics pose the question of why economic institutions are created. This collection examines this question of Arrow’s looking at how these man-made constraints condition political, economic and social…

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.

This work is in the "public…