{"title":"Edmund Phelps","description":"\u003cp\u003eDelve into the groundbreaking work of Edmund Phelps, a Nobel laureate whose insights into economic growth and policy have reshaped modern thought. Discover his influential books on WorldofBooks.com.\u003c\/p\u003e","products":[{"product_id":"seven-schools-of-macroeconomic-thought-book-edmund-phelps-9780198283331","title":"Seven Schools of Macroeconomic Thought","description":"This book presents a comprehensive and authoritative summary of modern approaches to macroeconomics. The book also provides a good survey of topics which feature prominently in the research agenda.  This is the first in a promising new series of Ryde Lectures, which were established by Lund University in Sweden.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49582903427345,"sku":"GOR009841975","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ VERY_GOOD \/ SBYB","offer_id":51329658487057,"sku":"CIN0198283334VG","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0198283334.jpg?v=1751258382"},{"product_id":"my-journeys-in-economic-theory-book-edmund-phelps-9780231207300","title":"My Journeys in Economic Theory","description":"Edmund Phelps is among the most important economists of his generation. 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Nobel Laureate Edmund Phelps has long argued that the high level of innovation in the lead nations of the West was never a result of scientific discoveries plus entrepreneurship, as Schumpeter thought. Rather, modern values—particularly the individualism, vitalism, and self-expression prevailing among the people—fueled the dynamism needed for widespread, indigenous innovation. Yet finding links between nations’ values and their dynamism was a daunting task. Now, in Dynamism, Phelps and a trio of coauthors take it on.  Phelps, Raicho Bojilov, Hian Teck Hoon, and Gylfi Zoega find evidence that differences in nations’ values matter—and quite a lot. It is no accident that the most innovative countries in the West were rich in values fueling dynamism. Nor is it an accident that economic dynamism in the United States, Britain, and France has suffered as state-centered and communitarian values have moved to the fore.  The authors lay out their argument in three parts. In the first two, they extract from productivity data time series on indigenous innovation, then test the thesis on the link between values and innovation to find which values are positively and which are negatively linked. In the third part, they consider the effects of robots on innovation and wages, arguing that, even though many workers may be replaced rather than helped by robots, the long-term effects may be better than we have feared. Itself a significant display of creativity and innovation, Dynamism will stand as a key statement of the cultural preconditions for a healthy society and rewarding work.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ GARDNERS","offer_id":49735804223761,"sku":"NGR9780674244696","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0674244699.jpg?v=1751448895"},{"product_id":"great-economic-slowdown-book-edmund-phelps-9783031314407","title":"The Great Economic Slowdown","description":"This book charts the fall of productivity growth and the rise of inequality within global economies and societies. Set out through a series of economic models, the impact of falling rates of productivity growth, particularly in the USA, are examined in relation to lowering interest rates, the lifting of the stock market, and an increasingly unequal distribution of wealth. The economic impact of COVID-19, including the increased tendency to work from home and renewed public debt pressures, are contextualised within broader issues of wage suppression and discontent within the labor force to highlight how average workers have been left behind. The rise of China and the geopolitical tensions that it has created is also discussed.     This book sets out the macro and microeconomic innovations that can create a revival in productivity growth in the coming years. It will be relevant to students and researchers interested in global economic trends and the political economy.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ GARDNERS","offer_id":49746569330961,"sku":"NGR9783031314407","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ INGRAM","offer_id":52429619298577,"sku":"NLS9783031314407","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/3031314409.jpg?v=1751095210"},{"product_id":"seven-schools-of-macroeconomic-thought-book-edmund-phelps-9780198743903","title":"Seven Schools of Macroeconomic Thought","description":"This book offers an excellent survey of various macroeconomic topics that feature prominently in the research agenda and have inspired both theoretical and policy debate. The book presents an authoritative and comprehensive summary and original critique of macroeconomic approaches by a scholar whose own contribution to the field is considerable.  In each of his seven chapters, the author reviews one school of economic thought. These are: the Keynesian school of macroeconomics; the monetarist school; the New Classical school; the New-Keynesian school; supply side macroeconomics, and `non-monetary' models of macroeconomics - the real business cycle theory and the `structuralist school' which views changes in unemployment as the outcome of shifts in the structural characteristics of the economy.","brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":51000013226257,"sku":"","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ NEW \/ INGRAM","offer_id":51000016273681,"sku":"NIN9780198743903","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ GARDNERS","offer_id":52323499213073,"sku":"NGR9780198743903","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/B09KVFGTX4.jpg?v=1750973222"},{"product_id":"my-journeys-in-economic-theory-book-edmund-phelps-9780231219105","title":"My Journeys in Economic Theory","description":"Edmund Phelps is among the most important economists of his generation. 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