Economics has recently lost another of the greats, Nobel Prize-winning economist Edmund Phelps, who passed away last week. Phelps was a macroeconomist, and among his many contributions he helped to formalise the concept of the natural rate of unemployment. Phelps won the Nobel Prize in 2006 for “his analysis of intertemporal tradeoffs in macroeconomic policy”.Surprisingly,…
Edmund Phelps, 1933-2026
Edmund Phelps, 1933-2026
28 May 2026 Leave a comment
in business cycles, history of economic thought, labour economics, macroeconomics, monetary economics, unemployment
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