Edmund Phelps Quotes
The Keynesian belief that 'demand' is always at the root of underemployment and slow growth is a fallacy.

Quotes to Explore
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There's a generation of people who've made their own money and are among the most generous people you would ever meet.
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If Algeria introduced a resolution declaring that the earth was flat and that Israel had flattened it, it would pass by a vote of 164 to 13 with 26 abstentions.
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A boy doesn't have to go to war to be a hero; he can say he doesn't like pie when he sees there isn't enough to go around.
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When a sports movie really works, it gets you on all levels, because the stakes are high. It's black and white. It's win or lose.
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If apartheid is removed, then the violence that is necessary to maintain it will be removed along with the pressures from apartheid which create a violent response.
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Defending peace is the duty of all.
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If there is anything in the universe that can't stand discussion, let it crack.
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Know your priorities and identify the five powerful action steps that you intend to take to move your initiatives forward each day. If you go to a tree with an ax and take five whacks at the tree every day, it doesn't matter if it's an oak or a redwood; eventually, the tree has to fall down.
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I will negotiate with my worst enemy.
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Preacher is a book that somehow allows me time by its settling on it's characters, that sort of modern gothic western feel. You're not likely to see the boat veering too far from that.
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I love comic books and I love anime.
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I am a big fan of the Gallagher brothers. At Liverpool, they came a few times; they are friends of Steven Gerrard. It was nice to meet them. When I was in Spain, I couldn't speak English, so I couldn't understand the lyrics. When I came to England, I started studying music and trying to understand what my favourite songs said.
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I come from a poor family, so really, the culture I know best is the street, TV, school.
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I've spent a lot of my life among people brighter than myself.
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I put down the camera long ago, you know? I was here in London, aged 19, and I was obsessed with my camera, shooting everything I could. Then someone stole it. It helped me to see things for the first time.
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The tensions between authority and the people need to be heard, especially when they are suffering and they can't eat.
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I am sure that if the mothers of various nations could meet, there would be no more wars.
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Isn't cricket supposed to be a team sport? I feel people should decide first whether cricket is a team game or an individual sport.
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From beginning to end Wilde performed his life and continued to do so even after fame had taken the plot out of his own hands.
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Most of the big banks were shot through with short-termism, deceptive practices and self-dealing. We must institute basic changes in corporate governance and in management practice to restore responsibility and honesty for the sake of the economy and for the self-respect of the country.
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I'd say the majority of my friends are Australians, although I have some good American friends, but I think with Aussies, we just get it. We don't take each other too seriously, which is a relief.
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I am going to confront the old-fashioned negative thinking which says that all government needs to do to generate growth is cut worker and environmental protections, cut taxes on the rich and stroke 'fat cats' until they purr with pleasure. I'm completely repudiating the idea that government has to get out of the way.
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At many companies, business development is treated as a sales tool for incremental growth, but I believe that business development can bend our growth curve in a big way. It should accelerate our ability to grow, helping us quickly close gaps or leap ahead of competitors.
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The Keynesian belief that 'demand' is always at the root of underemployment and slow growth is a fallacy.