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
The Causal Effect of News on Inflation Expectations
This paper studies the response of household inflation expectations to television news coverage of inflation.
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The Rise of Inflation Targeting
This paper discusses the interactions between politics and economic ideas leading to the adoption of inflation targeting in the United States.
The Housing Crisis
Soaring housing costs are driving young people towards socialism—only dispersed development and expanded property ownership can preserve liberal democracy.
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America Needs a Transcontinental Railroad
A proposed merger of Union Pacific and Norfolk Southern would foster efficiencies, but opponents say the deal would kill competition.
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The Poverty of Vanceonomics
At the core of Vanceonomics is a preferential option for government intervention.
Entrepreneurial Freedom in the Age of AI
The AI economy can lead to a more inclusive economy that permits people the freedom to choose when they work, what they work on, and who they work for.
