Monday, October 09, 2006
Nobel prize for Edmund Phelps
Posted by David Smith at 01:30 PM
Category: Thoughts and responses

phelps.jpg

Edmund S. Phelps, best known for his work on the trade-off between unemployment and inflation, won the Nobel prize for economics (more correctly the Swedish Bank prize). Phelps took the simple idea of the Phillips curve and extended it into the expectations-augmented Phillips curve. More here. He completed a US clean sweep of this year's prizes. Interestingly, he was the sole winner - unusual these days.

Comments

Great interview with Edmund on CNBC:
http://video.msn.com/v/us/v.htm?g=515a4001-29b5-48bc-860d-f4ca2813cc7f&f=34&fg=rss

(The video probably has to be viewed with Internet Explorer only).

Another proof that smart people don't need good presentation skills.

Posted by: Sandid at October 10, 2006 11:21 AM

Thanks - and good to have you back.

Posted by: David Smith at October 10, 2006 09:02 PM