One of the most respected academics in his field, economist Edmund S. Phelps is determined that financial policies should support government, business and people on an individual level. His research focussing on the causes and the impact of unemployment, job satisfaction and productivity have proved highly influential.
Original, insightful and dedicated to his research as a seasoned academic, Professor Phelps imparts with precision and thoroughness his economic viewpoint.
During his career, Phelps has served as a consultant for organisations such as the European Bank for Reconstruction & Development (EBRD), the International Monetary Fund, the European Commission, the U.S. Treasury Department and the Senate Finance Committee. The fact that he has occupied so many advisory roles demonstrates his ability and reputation, as does his speaking. Phelps has made speeches and given lectures all over the world, sharing his research and in depth knowledge with governments, other economists and students. He has been a participant at the World Economic Forum in Davos for many years.
In 2001, Phelps founded the Center on Capitalism and Society. He is currently director of the society, in which economists and those in related fields examine the impact of capitalism on society and challenge conventional views regarding national and international economic policy.
Like other foremost academics, Phelps has also worked as a professor, inspiring and challenging the next generation of economists. During his career he has worked with Yale University, Columbia University, New York University and the University of Pennsylvania and has been a visiting professor at many more, including the Massachusetts Institute of Technology (MIT). He is currently a dean of Minjiang University in China.
Phelps studied at Amherst College in Massachusetts before obtaining his Ph.D. in economics from Yale in 1959.
Testimonial for Rewarding Work: "[Phelps] offers a compelling argument for a tapered subsidy to low-wage employment." - Martin Wolf, Financial Times.
Testimonial for Rewarding Work: "Rewarding Work, has drawn rave notices from both conservatives and liberals, making it the most interesting idea in years ... Something like [this] idea ... may be the only way to achieve a lasting political consensus for the open markets and technical advances that, in the long run, benefit us all." - Mathew Miller, Washington Post.