“Economics provides the means to vet an ideological agenda to determine its full range of consequences.”
More from Edmund S. Phelps
“Where there is creativity, there must also be judgment—the judgment that comes from…”
“Economists have long tried to explain to the public that capitalism produces more…”
“There’s something revealing in the fact that European society has birthrates so low. It…”
“There is no success without the prospect of failure, no adventure without possible mishap.”