Articles by Edmund S. Phelps
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?
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.
- 13 February 07
- By Edmund S. Phelps