Articles by Edmund S. Phelps

Blaming Capitalism for Corporatism

The future of capitalism is again in question. Will it survive the ongoing crisis in its current form? If not, will it transform itself or will governments take the lead?

The Right Way to Rebuild Georgia

At the recent donors' meeting on Georgia, aid pledges rolled in, totaling $4.5 billion -- about $1,000 for each Georgian citizen. That's the good news. The bad news is that the meeting was restricted to donors and Georgia's government, with Transparency International criticizing its opaque decision-making process.

Entrepreneurship and the Continental Culture

The nations of continental Western Europe, in the reforms they make to try to raise their economic performance, may prove to be a testing ground for the view that culture matters for a society's economic results.