Edmund Phelps Quotes

One reason why upturns follow downturns is that downturns tend to overshoot. People get panicky, they're afraid to stay the course, so they start selling. The other thing is that I think, as entrepreneurs keep on waiting to produce new things, that there's an accumulation of as-yet-unexploited new ideas that keeps mounting up.
Edmund Phelps
Edmund Phelps

Quotes to Explore

This site uses cookies. By continuing to use this website, you agree to our policies regarding the use of cookies.