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English 9 October 2006 has decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2006 to Edmund S. Phelps Columbia University, NY, USA “for his analysis of intertemporal tradeoffs in macroeconomic policy”. Short run – Long run The work of Edmund Phelps has deepened our understanding of the relation…

The Prize in Economic Sciences 2006 Full employment, stable prices and rapid growth are central goals of economic policy. But policy always faces difficult goal conflicts. How should inflation and unemployment be balanced against each other? What tradeoff should be made between the consumption of current and future generations? Edmund S. Phelps has advanced our…

Professor Bertil Holmlund presenterar Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne 2006 i Stockholms Konserthus. Swedish Presentationstal av Professor Bertil Holmlund, ledamot av , den 10 december 2006. Eders Majestäter, Eders Kungliga Högheter, ärade pristagare, mina damer och herrar, Låg arbetslöshet och låg inflation är centrala mål för den ekonomiska…

Swedish 9 oktober 2006 har beslutat att utdela Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne år 2006 till Edmund S. Phelps Columbia University, NY, USA ”för hans analys av intertemporala avvägningar i makroekonomisk politik”.   Kort sikt – lång sikt Edmund Phelps arbeten har ökat förståelsen av sambanden mellan kort- och långsiktiga…

Professor Bertil Holmlund delivering the Presentation Speech for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2006 at the Stockholm Concert Hall. English Presentation Speech by Professor Bertil Holmlund, Member of the , December 10, 2006. Your Majesties, Your Royal Highnesses, Honoured Laureate, Ladies and Gentlemen, Low unemployment and…

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  , Department of Economics, Columbia University, NY, USA   Literature Most of Phelps’s articles and books are relatively technical, but he has also written a number of more popular texts that can be read by laymen. A good example is his book Inflation Policy and Unemployment Theory (New York: Norton; London: Macmillan, 1972) where…