Edmund Phelps
@edmundphelps
2006 Nobel Prize Winner in Economics / Director, Center on Capitalism and Society, Columbia University / Author, Mass Flourishing
ID: 397511480
http://www.edmundphelps.com 24-10-2011 19:53:43
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Excellent remarks at Civitas Institute by Noble laureate Edmund Phelps on what causes nations to prosper. Hint: it isn’t tariffs and other protectionist tools, or economic nationalism more generally. civitasinstitute.org/research/refle…
Andrew Thomas Massie Depends on the price elasticity of labor, and many economists think that most of the subsidy would end up with the employee, including Nobel prize winning economist Edmund Phelps. But I'd rather have thinly veiled corporate welfare that caused employers to hire poor Americans