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Edmund Phelps

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Journal Article
History of Political Economy (2017) 49 (1): 137–159.
Published: 01 March 2017
...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...
Journal Article
History of Political Economy (2015) 47 (2): 207–240.
Published: 01 June 2015
...—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...
Journal Article
History of Political Economy (2004) 36 (Suppl_1): 1–11.
Published: 01 December 2004
... for price inflation and unemployment, became the standard way of “closing” the macroeconometric model. The Phillips curve may have proved to be the undoing of standard Keynesian theory. The Phillips curve was criticized—particularly by Friedman (1968) and Edmund Phelps (1967)—for failing to integrate...
Journal Article
History of Political Economy (1988) 20 (2): 207–234.
Published: 01 June 1988
... demonstrates the ab- sence of an exploitable long-run Phillips curve is at the same time an exposition of the monetarist view of the market process which transforms monetary injections into increases in the price level. Also, the formal analysis offered by Phelps (1970, 124-66) is similar...
Journal Article
History of Political Economy 1–35.
Published: 10 November 2021
... Arbor : University of Michigan Press . Samuelson Paul A. 2001 . “ Sparks and Grit from the Anvil of Growth .” In Meier and Stiglitz 2001 : 492 – 505 . Samuelson Paul A. 2003 . “ Edmund Phelps, Insider-Economists’ Insider .” In Knowledge, Information and Expectations in Modern...
Journal Article
History of Political Economy (2016) 48 (2): 265–306.
Published: 01 June 2016
...- 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 the Cantabrigian economists Maurice Dobb...
Journal Article
History of Political Economy (2020) 52 (2): 367–396.
Published: 01 April 2020
... . “ 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...
Journal Article
History of Political Economy (2007) 39 (1): 1–46.
Published: 01 March 2007
... Research, Michigan State University. Phelps, Edmund S., ed. 1975 . Altruism, Morality, and Economic Theory . New York: Russell Sage Foundation. Rapoport, Anatol. 1960 . Fights, Games, and Debates . Ann Arbor: University of Michigan Press. Rawls, John. 1971 . A Theory of Justice . Cambridge...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 182–199.
Published: 01 December 2009
... . 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...
Journal Article
History of Political Economy (2001) 33 (4): 773–813.
Published: 01 November 2001
... 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...
Journal Article
History of Political Economy (2005) 37 (Suppl_1): 355–392.
Published: 01 December 2005
... 1940s: that governments should aim for a constant rate of growth of the money supply. Friedman’s style 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...
Journal Article
History of Political Economy (2013) 45 (suppl_1): 166–190.
Published: 01 December 2013
... inflation. In the late 1960s, though, Milton Friedman (1968) and Edmund Phelps (1967, 1968) had questioned the likelihood of a permanent trade-off between inflation and unemployment, arguing that in the long run any attempt to exploit the Phillips curve trade-off would lead to higher inflation...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 1–23.
Published: 01 December 2009
... 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...
Journal Article
History of Political Economy (2010) 42 (4): 773–775.
Published: 01 November 2010
... 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...
Journal Article
History of Political Economy (2010) 42 (4): 775–777.
Published: 01 November 2010
... 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...
Journal Article
History of Political Economy (2010) 42 (4): 777–779.
Published: 01 November 2010
... 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...
Journal Article
History of Political Economy (2010) 42 (4): 779–782.
Published: 01 November 2010
... 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...
Journal Article
History of Political Economy (2018) 50 (3): 483–509.
Published: 01 September 2018
... 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...
Journal Article
History of Political Economy (2014) 46 (suppl_1): 198–228.
Published: 01 December 2014
... 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 but it can grow faster,” many argued. “Sus- tainable growth is best...
Journal Article
History of Political Economy (2004) 36 (Suppl_1): 25–56.
Published: 01 December 2004
...) and Edmund Phelps’s (1967) extensions of the Phillips curve to accommodate endogenous 14. The explicit introduction of the Fisher effect into an IS-LM model seems to have been pioneered by Martin Bailey (1962, 49–54) and Robert Mundell (1963). Needless to say, Fried- man’s dynamic framework had...