Civitas Outlook
Published on
May 8, 2024
Contributors
Edmund Phelps
Nobel Laureate Edmund Phelps on What Makes Nations Prosper
These remarks were delivered on May 8, 2024 at The Austin Symposium.
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Economic Dynamism

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Edmund Phelps and the Culture of Dynamism
His research led him to a new theory of what he called “indigenous innovation,” whereby economic progress and growth are fueled not by inventions in labs, but by widespread grassroots tinkering and experimentation in the day-to-day economy.

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Nearly a century after the publication of 'The General Theory,' debates over Keynes’ legacy continue to influence modern economic debate.
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