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…

more

more

more

  , 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…

more

Pdf 336 kB

English 10 October 2005 has decided to award the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 2005, jointly to Robert J. Aumann Center for Rationality, Hebrew University of Jerusalem, Israel and Thomas C. Schelling Department of Economics and School of Public Policy, University of Maryland, College Park, MD, USA, “for…

Swedish 10 oktober 2005 har beslutat att utdela Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne år 2005 gemensamt till Robert J. Aumann Center for Rationality, Hebrew University of Jerusalem, Israel och Thomas C. Schelling Department of Economics and School of Public Policy, University of Maryland, College Park, MD, USA “för att genom…