Edmund S Phelps

Edmund Phelps is a McVickar Professor of Political Economy at Columbia University, Director of the Center for Capitalism and Social Studies at Columbia University, and a 2006 Nobel Prize winner in Economics. He served as a senior advisor for European projects at Consiglio Nazionale delle Ricerche, the Italian National Research Council, for three years until the end of 2000. In the 1990s, he was a member of the International Economic Policy Committee of the French Economic Situation Observatory OFCE; He co chaired four annual VillaMondragon seminars at the University of Rome Tor Vergata from 1990 to 2000. He is a founding member of the EBRD Economic Advisory Committee of the European Bank for Reconstruction and Development and wrote many annual economic outlook reports in September 1993. He has served as an advisor to the US Treasury Department, the US Senate Treasury Committee, and the Federal Reserve Board. In the past 40 years, he has published a large number of articles in professional journals. His recent works include the modern equilibrium theory of structural decline in employment, interest rates and assets, and the revitalization of labor participation and supply on the path of free enterprise prosperity, all published by Harvard University Press. In 2008, he was awarded multiple honors such as the Knight of the French Legion, the Milan Dora Award, and the Kiel World Economic Award. In addition to being interested in the operation and performance of capitalist institutions, Phelps also studied the causes and solutions of unemployment, as well as the low wages of vulnerable groups. At present, Phelps' work is the benefits and sources of national structural dynamics - entrepreneurial entrepreneurship and creativity, financiers using skills to select and support the best projects, managers using knowledge to evaluate and use new methods and products.