Phelps Wins Nobel Prize

Congratulations to Edmund Phelps, the winner of this year’s Nobel Prize in Economics:

The 73-year-old Columbia University professor’s work showed how low inflation today leads to expectations of low inflation in the future, thereby influencing future policy decision making by corporate and government leaders.
Phelps is the sixth American to win a Nobel this year, meaning that every prize except for the literature and peace awards, which are yet to be announced, have gone to Americans.

U.S.A! U.S.A!

Posted by on October 9th, 2006 at 11:09 am


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