Quotes by Edmund Phelps

"I've lived to see key parts of my research absorbed in textbooks and in central banks around the world. And some finance ministries, too."

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"Chancellor Angela Merkel and Wolfgang Schaeuble, her finance minister, are right to oppose fiscal and bank unions without political union."

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"No amount of debt restructuring, even debt forgiveness, will help the Greeks achieve real prosperity. What they need is not short-term relief but, rather, a long-term cure."

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