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Forward: 112/07/06(Thu.)Online Academic Event_Edmund Phelps's Journeys in Economic Theory

The Center for Market Education and National Sun Yat-Sen University College of Management are pleased to host a presentation of "My Journeys in Economic Theory" by Professor Edmund Phelps, Nobel Laureate in Economics 2006.

Edmund Phelps is among the most important economists of his generation. He developed a new understanding of unemployment and inflation and went on to rethink the roots of innovation. His work represents a lifelong project to put “people as we know them” into economic theory.

In this book, Phelps tells the story of his role in reshaping economic theory, offering a powerful personal account of a creative and rewarding career. My Journeys in Economic Theory charts two major phases of Phelps’s work, illuminating the breadth of his contributions to the field. First, introducing the expectations of wage setters and co-founding the “equilibrium” rate of unemployment, he built the microeconomic foundations for the employment theory pioneered by Keynes and Hicks. More recently, he conceived a theory of “mass flourishing” superseding Schumpeter and Solow’s conception of the process of innovating―a theory in which individuals’ creativity and society’s dynamism fuel grassroots innovation and generate job satisfaction in the process.

The event will be introduced by Professor Chien-Yuan Sher, Professor of Economics at National Sun Yat-sen University, Taiwan. Professor Phelps will discuss the contents of the book with Dr Carmelo Ferlito, CEO of the Center for Market Education.

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