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Understanding the Great Changes in the World: Gaining Ground and Losing Ground since World War II
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Understanding the Great Changes in the World: Gaining Ground and Losing Ground since World War II

In: Institutional Change and Economic Behaviour

Author

Listed:
  • Edmund S. Phelps

    (Columbia University)

Abstract

The composer Richard Strauss would warn his conducting students ‘never look at the brass — it will only encourage them’. I am afraid that the subject the organizers have looked to me to speak about — Understanding the Great Changes of the World — has given me dangerous encouragement: I have responded by analysing the great tectonic shifts in the global economy that I have witnessed and thought about since I began studying economics.

Suggested Citation

  • Edmund S. Phelps, 2008. "Understanding the Great Changes in the World: Gaining Ground and Losing Ground since World War II," International Economic Association Series, in: János Kornai & László Mátyás & Gérard Roland (ed.), Institutional Change and Economic Behaviour, chapter 4, pages 77-98, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-0-230-58342-9_4
    DOI: 10.1057/9780230583429_4
    as

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    Citations

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    Cited by:

    1. Edmund S. Phelps, 2008. "Macroeconomics for a Modern Economy," The American Economist, Sage Publications, vol. 52(1), pages 3-22, March.
    2. Kornai, János, 2022. "Innováció és dinamizmus. Kölcsönhatás a rendszerek és a technikai haladás között [Innovation and dynamism. The reciprocal effect between systems and technical advance]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 133-173.
    3. Kornai, János, 2008. "A kapitalizmus néhány rendszerspecifikus vonása [Some system-specific features of capitalism]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 377-394.
    4. Bo Carlsson & Zoltan J. Acs & David B. Audretsch & Pontus Braunerhjelm, 2007. "The Knowledge Filter, Entrepreneurship, and Economic Growth," Jena Economics Research Papers 2007-057, Friedrich-Schiller-University Jena.
    5. Edmund S. Phelps, 2010. "Makroekonomia dla nowoczesnej gospodarki," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 3, pages 79-109.
    6. Hielscher, Stefan, 2011. "Vita consumenda oder Vita activa? Edmund Phelps und die moralische Qualität der Marktwirtschaft," Discussion Papers 2011-21, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    7. Kornai, János, 2015. "Milyen is hát a tőke a 21. században?. Megjegyzések Piketty könyvéhez [So what is capital in the 21st century?. Notes on Piketty s book]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 909-942.
    8. Pies, Ingo, 2011. "Theoretische Grundlagen demokratischer Wirtschafts- und Gesellschaftspolitik: Der Beitrag von Edmund Phelps," Discussion Papers 2011-10, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    9. J. Kornai, 2012. "Innovation and Dynamism. Interaction between Systems and Technical Progress," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 4.
    10. Ben Dolman & Dean Parham & Simon Zheng, 2007. "Can Australia Match US Productivity Performance?," Staff Working Papers 0703, Productivity Commission, Government of Australia.

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