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Edmund S. Phelps

Edmund S. Phelps

37 commentaries

Edmund S. Phelps, the 2006 Nobel laureate in economics and Director of the Center on Capitalism and Society at Columbia University, is author of Mass Flourishing and co-author of Dynamism.

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  1. Recovering Prosperity
    phelps34_Alexi RosenfeldGetty Images_USuniversitywelcome Alexi Rosenfeld/Getty Images

    Recovering Prosperity

    Sep 28, 2021 Edmund S. Phelps & Mohammad A. Salhut argue that the key to success is to nurture the values that drive innovation.

  2. An Interview with Edmund S. Phelps
    A worker presents a chip for fifth-generation (5G) mobile networks at China Electronics Technology Group Zhang Bin/China News Service/VCG via Getty Images

    An Interview with Edmund S. Phelps

    May 4, 2021 Edmund S. Phelps identifies thinkers who led economics astray, assesses China’s innovative capacity, and shows why employment subsidies would do far more good than a universal basic income.

  3. The Economic Case for Biden
    phelps32_Drew AngererGetty Images_biden Drew Angerer/Getty Images

    The Economic Case for Biden

    Sep 21, 2020 Edmund S. Phelps explains why the Democratic ticket is better not just for American democracy but also for the US economy.

  4. Poverty as Injustice
    phelps31_Spencer PlattGetty Images_protest Spencer Platt/Getty Images

    Poverty as Injustice

    Aug 28, 2020 Edmund S. Phelps considers how Western societies can strike a balance between social support and economic growth.

  5. The Robot Question
    phelps30_Hu YuanjiaVCG via Getty Images_chinarobotworkertechnologymanufacturing Hu Yuanjia/VCG via Getty Images

    The Robot Question

    Aug 6, 2020 Edmund S. Phelps considers the effects of automation and artificial intelligence from the perspective of welfare economics.

  1. ahzhang20_PETER CATTERALLAFP via Getty Images_deepseek Peter Catterall/AFP via Getty Images
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    Will DeepSeek Upend US Tech Dominance?

    Angela Huyue Zhang says the firm’s disruption of the AI industry is about market – not great-power – competition.
  2. buruma222_Anna MoneymakerGettyImages_donald_trump_cross Anna Moneymaker/Getty Images
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    Breaking US Democracy Beyond Repair

    Ian Buruma warns that Donald Trump’s efforts to tear down America’s “civic religion” will be difficult to reverse.
  3. patten172_Scott OlsonGetty Images_trump Scott Olson/Getty Images
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    Can the Liberal International Order Survive Without America?

    Chris Patten urges Western countries to safeguard the institutions that have underpinned their postwar stability.
  4. norrlof9_Chip SomodevillaGetty Images_trump Chip Somodevilla/Getty Images
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    Tariff Man’s Risky Bet

    Carla Norrlöf

    In betting that the economic fallout from his sweeping new tariffs will be worth the gains in border security, US President Donald Trump is gambling with America’s long-term influence and prosperity. In the future, more countries will have even stronger reasons to try to reduce their reliance on the United States.

     thinks Donald Trump's trade policies will undermine the very goals they aim to achieve.
  5. parke2_Odd AndersenGettyImages_nihon_hidankyo_nobel Odd Andersen/Getty Images
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    The Case for Abolishing Nuclear Weapons

    Melissa Parke calls for eliminating arsenals to commemorate the 80th anniversary of the bombings of Hiroshima and Nagasaki.
  6. acemoglu83_Anna BarclayGetty Images_deepseek Anna Barclay/Getty Images
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    A Sputnik Moment for AI?

    Daron Acemoglu

    While America’s AI industry arguably needed shaking up, the news of a Chinese startup beating Big Tech at its own game raises some difficult questions. Fortunately, if US tech leaders and policymakers can take the right lessons from DeepSeek's success, we could all end up better for it.

     considers what an apparent Chinese breakthrough means for the US tech industry, and innovation more broadly.
  7. ronde1_PhotosbypatrikGettyImages_apps Photosbypatrik/Getty Images
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    Danish Media’s United Stand Against Big Tech

    Karen Rønde urges all publishers to bargain collectively to secure the fair compensation quality journalism requires.
  8. ito44_ANDREW CABALLERO-REYNOLDSAFP via Getty Images_IwayaRubio Andrew Caballero-Reynolds/AFP via Getty Images
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    East Asia Braces for Trump 2.0

    Takatoshi Ito warns America’s key regional allies to be prepared to make concessions to the new US administration.
  9. franks1_Tafadzwa UfumeliGettyImages_zimbabwe_lithium_mine Tafadzwa Ufumeli/Getty Images
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    Africa Needs Mineral Security, Too

    Daniel M. Franks & Rüya Perincek highlight the necessity of building local value chains tailored to the continent’s economic realities.

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