{"title":"A Review of Edmund Phelps, My Journeys in Economic Theory New York: Columbia University Press, 2023","authors":"Peter Zweifel","doi":"10.1080/13571516.2023.2271274","DOIUrl":null,"url":null,"abstract":"AbstractThis review argues that Edmund Phelps in fact undertook one journey, which led him to the theme of “flourishing,” meaning that workers derive satisfaction from their job. He sees flourishing people rather than scientists and entrepreneurs as the ultimate source of innovation and hence economic growth, a topic that has occupied his mind from the beginning of his brilliant career. The book makes for fascinating reading—and in passing traces the new Macroeconomics pioneered by its author.KEYWORDS: Microeconomic foundations of macroeconomicspersistence of unemployment and inflationisland parableflourishinginnovationJEL CLASSIFICATIONS: A13B22D21D63D82E24E63I30J28J64O11O12O31O41Y3 Disclosure statementNo potential conflict of interest was reported by the author(s).","PeriodicalId":45470,"journal":{"name":"International Journal of the Economics of Business","volume":"56 3","pages":"0"},"PeriodicalIF":1.9000,"publicationDate":"2023-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of the Economics of Business","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/13571516.2023.2271274","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
AbstractThis review argues that Edmund Phelps in fact undertook one journey, which led him to the theme of “flourishing,” meaning that workers derive satisfaction from their job. He sees flourishing people rather than scientists and entrepreneurs as the ultimate source of innovation and hence economic growth, a topic that has occupied his mind from the beginning of his brilliant career. The book makes for fascinating reading—and in passing traces the new Macroeconomics pioneered by its author.KEYWORDS: Microeconomic foundations of macroeconomicspersistence of unemployment and inflationisland parableflourishinginnovationJEL CLASSIFICATIONS: A13B22D21D63D82E24E63I30J28J64O11O12O31O41Y3 Disclosure statementNo potential conflict of interest was reported by the author(s).
期刊介绍:
International Journal of the Economics of Business presents original, peer reviewed research in economics that is clearly applicable to business or related public policy problems or issues. The term "business" is used in its widest sense to encompass both public and private sector—governmental, private non-profit and cooperative organizations, as well as profit-seeking enterprises. International Journal of the Economics of Business carries papers relating to three main spheres: The organization—to analyse and aid decision making and the internal organization of the business; The industry—to analyse how businesses interact and evolve within and across industries.