...Danilo Freitas Ramalho da Silva This article describes the work of Robert E. Lucas Jr. in the late 1960s, which culminated in the modeling and testing of the natural rate of unemployment hypothesis. I show the roles played by Edmund Phelps and Edward Prescott in Lucas's transition from adaptive...

...—radical, heret- ical, unacceptable to many when introduced by Edmund Phelps and Mil- ton Friedman in 1967—is widely accepted among mainstream macro- economists today” (334). The picture here is clear. Although he first presented the Phillips curve at a very early stage—indeed, at his first...

.... Modigliani, Franco. 1944 . Liquidity Preference and the Theory of Interest and Money. Econometrica 12.1 : 45 -88. Patinkin, Don. 1956 . Money, Interest, and Prices . New York: Harper and Row. Phelps, Edmund S. 1967 . Phillips Curves, Expectations of Inflation, and Optimal Unemployment over Time...

... of time and ignorance . Oxford. Phelps , Edmund S. 1970 . ‘Money wage dynamics and money market equilibrium.’ In Edmund Phelps et al., eds., Microeconomic foundations of employment and inflation theory . New York. Reder , Melvin W. 1982 . ‘Chicago economics: permanence and change...

... theoretical foundations to such notions as the big push, etc. 32. He made those remarks while praising Edmund Phelps (and also Stiglitz). Stiglitz s contributions to development economics have focused on the role of imperfect information and the absence of markets (see Stiglitz s 2002 Nobel Lecture). 26...

... . 2nd ed. Cambridge, Mass.: Harvard University Press. Pfaff, Martin. 1968 . The Grants Economy: Unilateral Transfers in the U.S. and Global Economies . East Lansing: Computer Institute for Social Science Research, Michigan State University. Phelps, Edmund S., ed. 1975 . Altruism, Morality...

... . “ Phillips Curves in Developing Countries: the Latin American Case .” Economic Development and Cultural Change 30 : 321 – 34 . Palhares dos Santos José G. 1973 . Letter to Golbery do Couto e Silva . August 16 . Paulo Egydio Martins Papers. CPDOC-FGV-Rio . Phelps Edmund S. 1967...

... model and those bringing recursive meth- ods to macroeconomics, subdivided into two groups, one including econ- omists such as David Gale, Edmond Malinvaud, Edmund Phelps, Tjalling Koopmans, David Cass, and the mathematicians Richard Bellman and David Blackwell, and a second including...

... . Studies in Monetary Economics . New York: Harper and Row. ———. 1987 . Neutrality of Money. In New Palgrave Dictionary of Economics , edited by John Eatwell, Murray Milgate, and Peter Newman. London: Palgrave Macmillan. Phelps, Edmund S. 1979 . Studies in Macroeconomic Theory . 2 vols. New York...

... for their kindnessand cooperation in trying to put together the early history of rational and implicit expectations. Special thanks go to John Muth and Edwin Mills, Herbert Simon, Marc Nerlove, Mike Lovell, and Edmund Phelps. Thanks also to the referees and edi- torsat HOPE for their constructive criticism. Research...

... of argument was old-fashioned, out of tune with the trend toward more formal theorizing, but Edmund Phelps (1967) and colleagues (Phelps et al. 1970) showed how similar conclusions could be derived using models in which information was imperfect and agents made mistakes. This added respectability...

... of Political Economy 5 ( 2 ): 85 – 98 . Phelps Edmund S. 1967 . “ Phillips Curves, Expectations of Inflation and Optimal Unemployment over Time ” Economica New Series 34 ( 135 ): 254 – 81 . Phelps Brown Henry E. 1958 . “ The Conditions for the Avoidance of the Spiral...

... and the Academy,” December 2 . Nash Betty J. 2010 . “ The Changing Face of Monetary Policy .” Federal Reserve Bank of Richmond Region Focus (Third Quarter) : 7 – 11 . Phelps Edmund S. 1967 . “ Phillips Curves, Expectations of Inflation, and Optimal Unemployment over Time .” Economica...

... technological change and worked out a new version without direct substitution between fac- tors of production. During that same period, Edmund Phelps and others used Solow’s model—now frequently known simply as the neoclassical growth model—to establish the golden rule of growth, while David Cass...

... use uncriti- cally (Weintraub 2005). The new memoirs in this edition by Vernon Smith, Clive Granger, Ed Prescott, Thomas Schelling, and Edmund Phelps are interesting by themselves. All of these essays grew from the series of autobiographical lectures (at Trinity University in San Antonio...

... in this edition by Vernon Smith, Clive Granger, Ed Prescott, Thomas Schelling, and Edmund Phelps are interesting by themselves. All of these essays grew from the series of autobiographical lectures (at Trinity University in San Antonio, Texas) on the general theme of “my evolution as an economist.” Given...

... in this edition by Vernon Smith, Clive Granger, Ed Prescott, Thomas Schelling, and Edmund Phelps are interesting by themselves. All of these essays grew from the series of autobiographical lectures (at Trinity University in San Antonio, Texas) on the general theme of “my evolution as an economist.” Given...

... in this edition by Vernon Smith, Clive Granger, Ed Prescott, Thomas Schelling, and Edmund Phelps are interesting by themselves. All of these essays grew from the series of autobiographical lectures (at Trinity University in San Antonio, Texas) on the general theme of “my evolution as an economist.” Given...

... by the intellectual power of the other people who showed up on that fi rst day. These included: 1. Edmund S. Phelps, who was a visiting assistant professor at M.I.T. (from Yale) and who was a co-instructor with Bob Solow. 2. Prof. Dr. Carl Christian von Weizsäcker, who hedged his bets by having...

...” operating in high gear throughout the decade. Both the centrality of Solow’s growth model and the policy imperative are captured nicely in the opening of Edmund Phelps’s “A Fable for Growthmen”: Once upon a time the Kingdom of Solovia was gripped by a great debate. “This is a growing economy...