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Edmund S. Phelps

Edmund S. Phelps is McVickar Professor of Political Economy at Columbia University and founder of Columbia’s Center on Capitalism and Society. He was the 2006 Nobel Laureate in Economics.

Titles by This Editor

Economists disagree on what ails the economies of continental western Europe, which are widely perceived to be underperforming in terms of productivity and other metrics. Is it some deficiency in their economic system—in economic institutions or cultural attitudes? Is it some effect of their welfare systems of social insurance and assistance? Or are these systems healthy enough but weighed down by adverse market conditions? In this volume, leading economists test the various explanations for Europe’s economic underperformance against real-world data.