Edmund Phelps, 2006 Nobel Prize laureate in Economics, is the Director of the Center on Capitalism and Society at Columbia University, where he also teaches Political Economy. He earned his BA from Amherst in 1955 and his PhD from Yale in 1959.
His research covers a wide range of topics such as growth, unemployment theory, recessions, stagnation, inclusion, rewarding work, dynamism, indigenous innovation, among others. Focusing on the dynamics of capitalist institutions, Phelps has also strived to bring the working class into the center of economic theory. His work has been published in several journals, and his books include Structural Slumps: The Modern Equilibrium Theory of Employment, Interest and Assets (1994) and Rewarding Work: How to Restore Participation and Self-Support to Free Enterprise (1997).
Phelps has collaborated with several high-level institutes and state entities, such as the Consiglio Nazionale delle Ricerche, the Observatoire français des conjonctures économiques, the University of Rome Tor Vergata, the European Bank for Reconstruction and Development, the US Treasury Department, the US Senate Finance Committee and the Federal Reserve Board. In 2008 he was named Chevalier of the Legion of Honor, won the Premio Pico della Mirandola for humanism and the Kiel Global Economy Prize.