Russ Roberts

Edmund Phelps Podcast Episodes and Extras

Category Archive with 2 podcast episodes and extras
 

Podcast episode Edmund Phelps on Mass Flourishing

EconTalk Episode with Edmund Phelps
Hosted by Russ Roberts

Edmund Phelps of Columbia University, Nobel Laureate in economics, and author of Mass Flourishing talks with EconTalk host Russ Roberts about the ideas in the book. Phelps argues that human flourishing requires challenges, struggles, and success and goes beyond material prosperity. He argues that in recent decades, policy has discouraged innovation and mass flourishing resulting in a slow-down in growth rates. Phelps emphasizes the non-material benefits of economic growth and the importance of small innovations over big inventions as key to that growth.

Size:30.6 MB
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Podcast episode Phelps on Unemployment and the State of Macroeconomics

EconTalk Episode with Edmund Phelps
Hosted by Russ Roberts

Nobel Laureate Edmund Phelps of Columbia University talks with EconTalk host Russ Roberts about the market for labor, unemployment, and the evolution of macroeconomics over the past century. The conversation begins with a discussion of Phelps's early contributions to the understanding of unemployment and the importance of imperfect information. Phelps put his contribution into the context of the evolution of macroeconomics showing how his models were related to those of Keynes, the Austrian School, and rational expectations. TheĀ  conversation then turns to the issue of whether macroeconomics is making progress, particularly in understanding business cycles. The discussion concludes with the satisfactions of work and the role of creativity and dynamism.

Size: 34.5 MB
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