Edmund S. Phelps receiving his Prize from His Majesty King Carl XVI Gustaf of Sweden at the Stockholm Concert Hall, 10 December 2006. Copyright © The Nobel Foundation 2006
Photo: Hans Mehlin

Edmund S. Phelps after receiving his Prize at the Stockholm Concert Hall, 10 December 2006. Copyright © The Nobel Foundation 2006
Photo: Hans Mehlin

Edmund S. Phelps and Mrs Edit Mello, wife of Craig C. Mello, 2006 Nobel Laureate in Physiology or Medicine, at the Nobel Banquet, 10 December 2006. Copyright © Nobel Media AB 2006
Photo: Hans Mehlin

Edmund S. Phelps delivering his Nobel Banquet speech.

© Nobel Media AB 2006 Photo: Hans Mehlin

Their Majesties King Carl XVI Gustaf and Queen Silvia of Sweden posing with Edmund S. Phelps and his wife, Viviana, at the Nobel Banquet, 10 December 2006. Copyright © The Nobel Foundation 2006
Photo: Torbjörn Zadig

Edmund S. Phelps and his wife, Viviana, with the Royal Swedish siblings: (from left, Crown Princess Victoria, Princess Madeleine and Prince Carl Philip), at the Nobel Banquet, 10 December 2006. Copyright © The Nobel Foundation 2006
Photo: Torbjörn Zadig

Edmund S. Phelps (right) with his wife, Viviana, and Joseph Stiglitz, Nobel Laureate in Economics 2001, at the Nobel Banquet, 10 December 2006. Copyright © The Nobel Foundation 2006
Photo: Torbjörn Zadig

All the 2006 Nobel Laureates assembled for a group photo during their visit to the Nobel Foundation, 12 December 2006. Left to right: John C. Mather, Edmund S. Phelps, Roger Kornberg, Dipal Chandra Barua (representing Grameen Bank), Orhan Pamuk, Andrew Z. Fire, Craig C. Mello, Muhammad Yunus, and George F. Smoot. Copyright © The Nobel Foundation 2006
Photo: Torbjörn Zadig

Edmund S. Phelps during the Nobel Foundation reception at the Nordic Museum in Stockholm, 9 December 2006. Copyright © Nobel Media AB 2006
Photo: Frida Westholm

Edmund S. Phelps delivering his Prize Lecture at the Aula Magna, Stockholm University, 8 December 2006. Copyright © Nobel Media AB 2006
Photo: Mirek Labedzki

Edmund S. Phelps singing autographs after delivering his Prize Lecture in Aula Magna, Stockholm University, 8 December 2006. Copyright © Nobel Media AB 2006
Photo: Mirek Labedzki

Edmund S. Phelps (left) at the interview in Stockholm, 6 December 2006. The interviewer is Rupini Bergström, freelance journalist. Copyright © Nobel Media AB 2006
Photo: Hans Mehlin

Laureate Edmund S. Phelps holds a press conference in New York after being awarded the 2006 Prize in Economics, 9 October 2006.

Copyright © Columbia University 2006 Photo: Diane Bondareff