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Edmund S. Phelps, Mc Vickar Professor of Political Economy in his office at Columbia University, International Affairs bdlg. December 16th, 2003. On October 09th American Edmund S. Phelps won the 2006 Nobel Memorial Prize in Economic Sciences for explaining the relationship between inflation and unemployment, work that has had a profound impact on macroeconomic policy. The 73-year-old Columbia University professor challenged prevailing views in the 1960s by developing a new economic model that has helped corporate and government leaders balance inflation and unemployment in decision-making.<br />

Edmund S. Phelps, Mc Vickar Professor of Political Economy in his office at Columbia University, International Affairs bdlg. December 16th, 2003. On October 09th American Edmund S. Phelps won the 2006 Nobel Memorial Prize in Economic Sciences for explaining the relationship between inflation and unemployment, work that has had a profound impact on macroeconomic policy. The 73-year-old Columbia University professor challenged prevailing views in the 1960s by developing a new economic model...
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