Edmund S. Phelps

A conference in honor of the economist Edmund S. Phelps will take place at the International Affairs Building, Columbia University, on October 5-6. Many prominent scholars from around the world will be participating in "Knowledge, Information and Expectations in Modern Macroeconomics: In Honor of Edmund S. Phelps." The 16 papers presented examine and extend the theoretical innovations that Phelps has brought to macroeconomics.

Phelps, who joined Columbia's Economics Department in 1971, is best known for introducing in the late '60s an expectations-based microeconomics into the theory of employment determination and price-wage dynamics.

The event's co-sponsors include the Office of the President and Columbia's Program in Economic Policy Management. President George Rupp will open the conference. Other Columbia participants include Bruce Greenwald of the Graduate School of Business, and Joseph Stiglitz, a faculty member in the Economics Department, SIPA and the Graduate School of Business.