Curriculum Vitae
November 2000
Index:
General
Information
Edmund S. Phelps
Department of Economics
Columbia University
International Affairs Building
Room 1004, 10th Floor
New York, New York 10027
Phone: Office - (212)854-2060; Home - (212) 289-6311
Fax: Office - (212) 854-8059; Home - (212) 289-6311
Born: July 26, 1933; Evanston, Illinois, U.S.A.
Citizenship: USA.
Education
-
PhD., 1959, Yale University;
-
B.A., 1955, Amherst College.
Positions
-
McVickar Professor of Political Economy, Columbia University, 1982-.
-
Resident Consultant, European Bank for Reconstruction and Development,
1992-93
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Professor of Economics, Columbia University, 1971-82.
-
Professor of Economics, New York University, 1978-79.
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Professor of Economics, University of Pennsylvania, 1966-71.
-
Associate Professor of Economics, Yale University and Staff Member, Cowles
Foundation, 1963-66.
-
Visiting Associate Professor of Economics, Massachusetts Institute of Technology,
1962-63.
-
Assistant Professor of Economics, Yale University and Staff Member, Cowles
Foundation, 1960-62.
-
Economist, RAND Corporation, 1959-60.
-
Assistant Instructor in Economics, Yale University, 1958-59.
Professional
Affiliations, Activities, And Awards
-
Distinguished Fellow, American Economic Association, 2000.
-
Consultant, Organization for Economic Cooperation and Development (OECD),
Paris, March 1999.
-
Advisor, Strategic Project 'Italy in Europe,' Consiglio Nazionale delle
Recherche, Rome, May 1997-April 2000
-
Kenan Enterprise Award, 1996
-
Kenneth Meyer Lecture on Public Policy, University of Miami, 1996
-
Visiting Scholar, Russell Sage Foundation, 1993-94
-
Erich Roll Lecture, University of Southampton, 1993
-
Economic Advisory Board, EBRD. 1990-93
-
EBRD Mission to Moscow (September 1990) for the Joint Study of the Economy
of the Soviet Union
-
Arne Ryde lectures, Univ. of Lund, 1989.
-
Doctor of Humane Letters, hon., Amherst College, 1985.
-
President, Atlantic Economic Society, 1983-84.
-
Vice-President, American Economic Association, 1983.
-
National Academy of Sciences (1982)
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American Academy of Arts and Sciences (1980)
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Fellow, Econometric Society (1966)
-
Comitato Scientifico, Center for International Study of Economic Growth,
University of Rome, 'Tor Vergata,' 1990-.
-
Fellow, New York Academy of Sciences (1996).
-
Policy Evaluation Group, Observatoire Francais des Conjunctures Economiques,
Paris. 1990-.
-
Advisory Board, Economic Notes, Banca Monte dei Paschi di Siena, 1988-.
-
Co-director (with A. Leijonhufvud), International School of Economic Research,
University of Siena 1987-1990.
-
Nominating Committee, Economics Department, European University Institute,
1986-88.
-
Senior Advisor, Brookings Panel on Economic Activity, Brookings, 1976-.
-
Visiting Scholar, Research Department, International Monetary Fund, 1988.
-
Visiting Scholar, Banca d'Italia, 1985.
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Vice Chair, Economics section, New York Academy of Sciences, 1985-1995.
-
Visiting Scholar, Fiscal Affairs Department, International Monetary Fund,
1985.
-
Consultant, Research Department, International Monetary Fund, 1983.
-
Academic Consultants' Meeting, Federal Reserve Board, May 1983.
-
Visiting Professor: University of Amsterdam, 1980; Getulio VargasFoundation,
1981; University of Mannheim, 1982, 1988; European University Institute,
1983, 1986; University of Munich, 1984; University of Stockholm Institute
of International Ecomonic Studies, 1984; Institut d'Etudes Politiques,
University of Paris, 1985 (Colson Chair), May 1989, May 1992, March 1995,
January 1997; John Hopkins SAIS, 1986; Seconda Universita`, 'Tor Vergata',
1987-.
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Principal Investigator, National Science Foundation, 1988-89, 1984-86,
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1982-84, 1979-80, 1978-79, 1977-78, 1973-77, 1967-68.
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Executive Committee, American Economic Association, 1976-78.
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Fellow, Guggenheim Foundation, 1978.
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Consultant, U.S. Senate Finance Committee, Social Security Panel 1974.
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Wesley C. Mitchell Research Professor, Columbia University, 1974.
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Board of Editors, American Economic Review, 1971-73.
-
Director, Conference on Altruism and Economics, Russell Sage Foundation,
1972.
-
Consultant, U.S. Commission on Population Growth and the American Future,
1971.
-
Consultant, Economics Department, First National City Bank, 1971.
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Advisory Editor in Economics, W.W. Norton and Company, 1970-.
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Fellow, Center for the Advanced Study in the Behavioral Sciences, 1969-70.
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Special Non-Resident Senior Staff Member, Brookings Institution, 1968-69.
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Member, Task Force on Inflation of the President-Elect, 1968.
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Consultant, U.S. Treasury Department, 1969.
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Editor, Problem of the Modern Economic Series, Norton, 1962-.
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Lecturer, Forum Series, Voice of America, Spring 1966.
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Social Science Research Council Faculty Research Fellowship, 1965-66.
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Sterling Fellowship, Yale University, 1957-58.
Biographies
in
-
The Makers of Modern Economics, ed., Arnold
Heertje (Aldershot: Elgar, 1995)
-
Great Economists Since Keynes: An Introduction to the Lives and Works
of 100 Modern Economists, edited Mark Blaug (London: Harvester Press, 1986).
-
Who's Who in Economics, ed. Mark Blaug, (Cambridge, Mass: MIT Press, 1983).
-
Who's Who in America.
-
International Who's Who
Books
(17)
-
Fiscal Neutrality Toward Economic Growth, New York: McGraw-Hill, 1965.
-
Golden Rules of Economic Growth, New York: W.W. Norton, 1966; Amsterdam:
North-Holland, 1967.
-
Microeconomic Foundations of Employment and Inflation Theory, with A.A.
Alchian, C. C. Holt, et al., New York: W.W. Norton, 1970; London: Macmillan,
1971.
-
Editor, Private Wants and Public Needs, Norton, 1962; second edition, 1965.
-
Editor, The Goal of Economic Growth, Norton, 1962; second edition, 1969.
-
Inflation Policy and Unemployment Theory, New York: Norton; London: Macmillan,
1972.
-
Editor and Contributor, Economic Justice, Harmondsworth, England: Penguin,
1974.
-
Editor and Contributor, Altruism, Morality and Economic Theory, New York:
Basic Books, 1975.
-
Studies in Macroeconomic Theory: Volume 1 - Employment and Inflation, New
York: Academic Press, 1979.
-
Studies in Macroeconomic Theory: Volume 2 - Redistribution and Growth,
New York: Academic Press, 1980.
-
Individual Forecasting and Aggregate Outcomes: 'Rational Expectations'
Examined, contributor and editor, with Roman Frydman, Cambridge, Cambridge
University Press, 1983.
-
Political Economy: An Introductory Text, New York and London: W.W. Norton
and Co., 1985. Translations: Spanish (Barcelona: Antoni Bosch, 1986), Italian
(Bologna: Il Mulino, 1987), French (Paris: Fayard, 1990), Japanese (Tokyo:
Bunshindo, 1990), Korean (Seoul: Kumho, 1990).
-
The Slump in Europe: Open Economy Theory Reconstructed, with Jean-Paul
Fitoussi, Oxford: Basil Blackwell, 1988. Trans., Italian (Bologna:
Il Mulino, 1989).
-
Seven Schools of Macroeconomic Thought: The Arne Ryde Lectures, Oxford:
Oxford University Press, 1990. Trans., Italian (Bologna: Il Mulino,
1991).
-
Recent Developments in Macroeconomics, 3 vol., Oxford: Edward Elgar Pub.
Co., 1991.
-
Structural Slumps: The Modern Equilibrium
Theory of Employment, Interest and Assets, Cambridge, Mass.: Harvard University
Press, 1994.
-
Rewarding Work: How to Restore Participation
and Self-Support to Free Enterprise, Cambridge, Mass.: Harvard University
Press, 1997. Trans. Italian (Rome: Laterza, 1999).
Articles
In Journals And Conference Volumes
-
"A Test for the Presence of Cost Inflation in the U.S.Economy 1955-57,"
Yale Economic Essay, Vol.1 (January 1961).
-
"The Golden Rule of Accumulation: A Fable for Growthmen," American Economic
Review Vol. 51 (September 1961); reprinted in A.K. Sen, ed., Readings inEconomic
Growth Theory (Penguin, 1969).
-
"The Accumulation of Risky Capital: A Sequential Utility Analysis," Econometrica,
Vol. 30 (October 1962); reprinted in D.H. Hester and J. Tobin, eds., Risk
Aversion and Portfolio Choice (Wiley, 1968); J.L. Bicksler and P.A. Samuelson,
eds., Investment Portfolio Decision-Making (Lexington Books, 1974).
-
"The New View of Investment: A Neoclassical Analysis." Quarterly Journal
of Economics, Vol. 76 (November 1962); reprinted in J.E. Stiglitz and H.
Uzawa, eds., Readings in the Theory of Economic Growth (M.I.T. Press, 1969).
-
"The Golden Rule of Accumulation: Reply (to I.F.Pearce)," American Economic
Review, Vol. 52 (December 1962).
-
"Substitution, Fixed Proportions, Growth, and Distribution," International
Economic Review, Vol. 4 ( September 1963).
-
"The New View of Investment: Reply (to R.C.O. Matthews)," Quarterly Journal
of Economics, Vol. 78 (February 1964).
-
"Anticipated Inflation and Economic Welfare," The Journal of Political
Economy, Vol. 73 (February 1965).
-
"Second Essay on the Golden Rule of Accumulation," American Economic Review
Vol. 55 (September 1965).
-
"Factor Price Frontier Estimation of a 'Vintage' Production Model of the
Postwar U.S. Non-Farm Business Sector," with Charlotte D. Phelps, Review
of Economics and Statistics, Vol. 48 (August 1966).
-
"Models of Technical Progress and the Golden Rule of Research," Review
of Economic Studies, Vol. 33 (April 1966).
-
Investments in Humans, Technological Diffusion and Economic Growth," with
-
R.R. Nelson, American Economic Review: Papers and Proceedings, Vol. 56
(May 1966), reprinted in R.A. Wykstra, ed., Human Capital Formation and
Manpower Development, (New York, The Free Press, 1971).
-
"A Model of Induced Invention, Growth and Distribution," with E.M. Drandakis,
Economic Journal, Vol. 76 (December 1966).
-
"Phillips Curves, Expectations of Inflation and Optimal Unemployment over
Time,"Economica, Vol. 34 (August 1967).
-
"On Second-Best National Saving and Game-Equilibrium Growth," with R.A.
Pollak, Review of Economic Studies, Vol. 35 (April 1968).
-
"Phillips Curves, Expectations of Inflation and Optimal Unemployment over
Time: Reply (to J.W. Williamson)", Economica, Vol. 35 (August 1968).
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"Population Increase," Canadian Journal of Economics, Vol. 35 (August 1968).
-
"Money-Wage Dynamics and Labor-Market Equilibrium," Journal of Political
Economy, Vol. 76 (August 1968, Part 2); revised version in E.S.Phelps,
et. al., Microeconomic Foundations of Employment and Inflation Theory,
(New York: Norton, 1970), reprinted in P.G. Korliras and R.S. Thorn, eds.,
Modern Macroeconomics (Harper and Row, 1979).
-
"The Optimal Rate of Growth of Money: Comment," Journal of Political Economy,
Vol. 76 (August 1968, Part 2).
-
"The New Microeconomics in Inflation and Employment Theory," American Economic
Review: Papers and Proceedings, Vol. 59 (May 1969); revised version in
E.S. Phelps et al., Microeconomic Foundations of Employment and Inflation
Theory, New York: Norton, 1970.
-
"On Short Run Employment and Real Wage Rate Under Market-Clearing Commodity
Price," International Economic Review, Vol. 10 (June 1969).
-
"Population Increase, Reply," (to J. Isbister), Canadian Journal of Economics,
Vol. 2 (August 1969).
-
"Public Debt, Taxation and Capital Intensiveness," with K. Shell, Journal
of Economic Theory, Vol. 1 (October 1969).
-
"Money, Public Debt,Inflation and Real Interest," with E. Burmeister, Journal
of Money Credit and Banking, Vol. 3 (May 1971).
-
"Optimal Price Policy under Atomistic Competition," with S.G.Winter Jr.,
in E.S. Phelps, et al., Microeconomic Foundations of Employment and Inflation
Theory, New York: Norton, 1970.
-
"Inflation Expectations and Economic Theory," in N. Swan and D. Wilton,
eds., Inflation and the Canadian Experience, Kingston, Ontario: Industrial
Relation Centre, Queen's University, 1971, pp. 31-47.
-
"Money, Public Expenditure and the Labor Supply," Journal of Economic Theory,
Vol. 5 (August 1972).
-
"The Statistical Theory of Racism and Sexism," American Economic Review,
Vol. 62 (December 1972); reprinted in Alice Amsden, ed., The Economics
of Women and Work (Penguin, 1979).
-
"Some Macroeconomics of Population Leveling," Proceedings of the U.S.Commision
on Population Growth and the American Future, 1972.
-
"Inflation in the Theory of Public Finance," Swedish Journal of Economics
(Ekonomisk Tidschrift), Vol. 2 (New Series), No. 1 (January-March 1973).
-
"Comment (On Stein/Infante)," Journal of Money, Credit and Banking, Vol.
5, No. 1, Pt. 2 (February 1973).
-
"Taxation of Wage Income for Economic Justice," Quarterly Journal of Economics,
Vol. 87 (August 1973); reprinted in E.S.Phelps, ed., Economic Justice (Harmondworth:
Penguin, 1974).
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"Comment (on D.F.Gordon)," Journal of Money, Credit and Banking, supplement,
Vol. 6, (The Phillips Curve and Labor Markets), 1976.
-
"The Indeterminacy of Game-Equilibrium Growth in the Absence of an Ethic,"
in E.S. Phelps, ed., Altruism, Morality and Economic Theory (New York:
Basic Books, 1975).
-
"Stopover Monetarism: Supply and Demand Factors in the 1972-74 Inflation,"
in D. Meiselman, ed. The Phenomenon of Worldwide Inflation, (American Enterprise
Institute, Washington, D.C. 1974); also in The Japan - U.S. Assembly; Proceedings
of a Conference on Japan - U.S. Economic Policy (AEI, Washington, D.C.,
1975).
-
"Linear Taxation of Wealth and Wages for Intergenerational Lifetime Justice:Some
Steady-State Cases," with J.A. Ordover, American Economic Review, Vol 65
(September 1975).
-
"Social Policy and Uncertain Careers: Beyond Rawls's Paradigm Case," in
R.E.Grieson, ed., Urban and Public Economics: Essays in Honor of William
Vickrey (Lexington Books, Boston, Mass., 1976).
-
"Linear 'Maximin' Taxation of Wage and Property Income on a "Maximin' Growth
Path," in B.A. Balassa and R.R. Nelson, eds., Economic Progress, Private
Values and Public Policy: Essays in Honor of William Fellner (Amsterdam:
North-Holland, 1976).
-
"Rawlsian Growth: Dynamic Programming of Capital Wealth for Intergeneration
'Maximin' Justice," with J.G. Riley, Review of Economic Studies, Vol. 45
(February 1978).
-
"Stabilizing Powers of Monetary Policy under Rational Expectations," with
J.B. Taylor, Journal of Political Economy, Vol. 85 (February 1977).
-
"Recent Development in Welfare Economics: Justice et Equite," in M.D. Intrillagator,
ed., Frontiers of Quantitative Economics, Vol. III (Amsterdam: North-Holland
Publishing Co., 1977).
-
"Indexation Issues: Comments on Fischer and Blinder," Journal of Monetary
Economics, Supplementary Volume 5 of the Carnegie - Rochester Series on
Public Policy, Stabilization of the Domestic and International Economy,
North Holland Pub. Co., 1977; and "Appendix: Employment-Contingent Wage
Contracts," with G.A. Calvo, idem. 149-167.
-
"Commodity-Supply Shock and Full-Employment Monetary Policy," Journal of
Money, Credit and Banking, Vol. 10 (May 1978).
-
"Inflation Planning Reconsidered," Economica, Vol. 45 (May 1978).
-
"Trans-National Effects of Fiscal Shocks in a Two-Country Model of
Dynamic Equilibrium," Journal of Monetary Economics, Supplementary Volume
7 of the Carnegie-Rochester Series on Public Policy, North-Holland Pub.
Co., 1978.
-
"Disinflation without Recession: Adaptive Guideposts and Monetary Policy,"
Weltwirtschaftliches Archiv. Bank 114 (December 1978).
-
"On the Concept of Optimal Taxation in the Overlapping-Generations Model
of Economic Growth," with J.A. Ordover, Journal of Public Economics, Vol.
12 (August 1979).
-
"Introduction: Developments in Non-Walrasian Theory," in E.S. Phelps Studies
in Macroeconomic Theory: Vol 1 - Employment and Inflation (New York: Academic
Press, 1979).
-
"Introduction: Taxation, Redistribution and Growth," in E.S. Phelps, Studies
in Macroeconomic Theory: Volume 2 - Redistribution and Growth (New York:
Academic Press, 1980).
-
"Obstacles to Curtailing Inflation," Essays in Post-Keynesian Inflation,
J.H. Gapinski and C.E. Rockwood,eds., (Cambridge, Mass.: Ballinger Pub.
Co., 1979).
-
"A Model of Non-Walrasian General Equilibrium: Its Pareto Inoptimality
and Pareto Improvement," with G.A. Calvo, Columbia-Yale-Brookings Conference
in Memory of Arthur M. Okun, September 1981; Published in James Tobin,ed.,
Macroeconomics, Prices and Quantities: Essays in Memory of Arthur M. Okun
(Washington, D.C.: Brookings Institution, 1983).
-
"Cracks on the Demand Side: A Year of Crisis in Theoretical Macro economics,"
American Economic Review Papers and Proceedings, May 1982.
-
"Implicit Contracts and the Social Contract" in R. Dornbusch and M.E. Simonson,
eds., Inflation, Debt and Indexation, (Cambridge, Mass., MIT Press, 1983).
-
"The Trouble with Rational Expectations and the Problem of Inflation Stabilization,"
in R. Frydman and E.S. Phelps, eds., Individual Forecasting and Aggregate
Outcomes:'Rational Expectations' Examined (Cambridge: Cambridge University
Press, 1983).
-
"The Significance of Customer Markets for the Effects of Budgetary Policy
in Open Economies," I.I.E.S. Seminar Paper No. 315, University of Stockholm,
published Annales d'Enomomie et de Statistique, Vol. 1, No. 3 (September
1986). IIES Reprint Series No. 330.
-
"Profits Theory and Profits Taxation," International Monetary Fund Staff
Papers, Vol. 33, December 1986.
-
"The Effectiveness of Macropolicies in a Small Open-Economy Dynamic Aggregative
Model," Discussion Paper No. 63, Banca d'Italia, May 1986; published in
Money, Macroeconomics, and Economic Policy: Essays in Honor of James Tobin,
Wm. C. Brainard, W. D. Nordhaus, and H. W. Watts, eds., Cambridge, Mass:
MIT Press, 1991.
-
"Causes of the 1980's Slump in Europe," with J.P. Fitoussi, Brookings Papers
on Economic Activity, Vol. 16, No. 2 (December 1986); trans. and adapted,
"Politique economique aux Etats-Unis et croissance du chomage en Europe,"
Observations et diognostics economiques, No. 18, January 1987.
-
"Optimum Fiscal Policy When Monetary Policy is Bound by a Rule," with K.
Velupillai, in K.J. Arrow and M.J. Boskin, eds., The Economics of Public
Debt, (Macmillan, 1988, for the International Economics Association: London).
-
"New Channels in the Transmission of Foreign Shocks," in Guillermo Calvo,
Ronald Findlay and others, eds., Debt, Stabilization and Development: Essays
in Memory of Carlos Diaz-Alejandro. Oxford: Blackwell, 1989.
-
"A Working Model of Slump and Recovery from Disturbances to Capital-Goods
Demand in an Open Non-Monetary Economy," American Economic Review Papers
and Proceedings, v. 78, no. 2 (May 1988).
-
"The Effects of Productivity, Total GDP Demand, and 'Incentive Wages' on
Unemployment in a Non-Monetary Customer-Market Model of the Small Open
Economy," Scandinavian Journal of Economics v. 92, 2 (March 1990).
-
"Fiscal Stimulus and Employment at Home and Abroad in a Real Two-Country
Customer-Market Model," Rivista di Politica Economica, v. 79 December 1989,
157-181.
-
"A Working Model of Slump and Recovery from Disturbances to Capital-Goods
Demand in a Closed Non-Monetary Economy," International Monetary Fund,
Research Department, Working Paper 88/92, August 23, 1988, pp. 16 + fig.,
in Edward J. Nell and Willi Semmler, eds., Nicholas Kaldor and Mainstream
Economics, London: Macmillan, 1991.
-
"Testing 'Keynesian' Unemployment Theory against 'Structuralist' Theory:
Global Evidence from the Past Two Decades," Issues in Contemporary Economics:
Proceedings of the 9th World Congress of the International Economic Association,
M. Nerlove, ed., London: Macmillan, 1991.
-
"Consumer Demand and Equilibrium Unemployment in a Customer-Market Incentive-Wage
Economy," Quarterly Journal of Economics, v.106 (August 1992).
-
"Macroeconomic Shocks in a Dynamized Model of the Natural Rate of Unemployment,"
with Hian-Teck Hoon, American Economic Review, v.82 (September 1992).
-
"Pro-Keynesian and Counter-Keynesian Implications of the 'Structuralist'
Theory of Unemployment and Interest under the Classic Two-Sector View of
Capital and Production," in Taxation in the United States and Europe, Anthonie
Knoester, ed., London: Macmillan, 1993. [Also Columbia University, Department
of Economics, Discussion Paper 494, August 1990.]
-
"Fiscal Policy and Economic Activity in the Neoclassical Theory with and
without Bequests," with George Kanaginis, Finanz Archiv, 51 (New Series),
No. 2, 1994.
-
"Payroll Taxes and VAT in a Labor-Turnover Model of the 'Natural Rate',"
with Hian-Teck Hoon, International Tax and Public Finance, v. 3, June 1996,
185-201.
-
"Growth, Wealth and the Natural Rate: Is Europe's Jobs Crisis a Growth
Crisis?" with Hian Teck Hoon, European Economic Review, 41, April 1997.
-
"The Rise and Downward Trend of the Natural Rate," with Gylfi Zoega, American
Economic Review Papers and Proceedings, 87, May 1997.
-
"Natural-rate theory and OECD unemployment," with Gylfi Zoega, Economic
Journal, 108, May 1998, 782-801.
-
"Moral Hazard and Independent Income in a Modern Intertemporal-Equilibrium
Model of Involuntary Unemployment and Mandatory Retirement," in G. Chichilnisky,
ed., Markets, Information and Uncertainty, Cambridge, Cambridge University
Press, 1998.
-
"Behind this Structural Boom: the Role of Asset Valuations," American Economic
Review Papers and Proceedings, 89, May 1999.
-
"Lessons in natural-rate dynamics," Oxford Economic Papers, January 2000.
-
"Education and the natural rate of unemployment," with J. M. Orszag and
G. Zoega, Oxford Economic Papers, January 2000.
-
"Roots of the recent recoveries: labor reforms or private sector forces?"
with D. Jestaz, J.-P. Fitoussi and G. Zoega, Brookings Papers on Economic
Activity, Summer, 2000, 237-311.
Papers
In Progress, In Draft Or In Press
-
"Optimal Public Finance under International Capital Mobility," Working
Paper No. 38, Columbia University, Department of Economics, mimeo., November
1979 (for the festschrift in honor of James R. Nelson).
-
"An Extended Working Model of Slump and Recovery from Disturbances to Capital-Goods
Prices in an Overlapping-Generation Closed Economy: 'IS-LM' Without Money,"
for the 1988 Aalborg conference, IS-LM after Fifty Years. (Conference volume
cancelled.)
-
"The Incidence of Increased Unemployment in the Group of Seven, 1970-1994,"
with Gylfi Zoega, Rome, Confindustria, CSC Richerche no. 115, September
1996.
-
"Low Wage Employment Subsidies in a Labor-Turnover Model of the 'Natural
Rate'," with Hian Teck Hoon, Columbia University, Department of Economics,
Discussion Paper 9697-05, November 1996. Revised, November, 1997, January,
1998. Prepared for the Russell Sage Foundation conference on wage subsidies
to boost pay and employment of the less advantaged, November, 1997.
-
"The Empirical Importance of Private Ownership for Economic Growth," with
Darius Palia, forthcoming, L. Paganetto and E. Phelps, eds., Finance, Research,
Education and Growth, London: Macmillan, 2000.
-
"Taxing income from wealth in the Ramsey model: the difference balanced-budget
restraint makes," AEI Conference on Tax Policy and Inequality, Jan. 21-22,
1999.
-
"Structural booms: productivity expectations and asset valuations," CEPR
Economic Policy, forthcoming April 2001.
Other
Published Papers, Committee Reports, Etc.
-
"Tangible Investment as an Instrument of Growth," in E.S. Phelps, ed.,
The Goal of Economic Growth (Norton, 1962).
-
"Optimal Decision Rules for the Procurement, Repair or Disposal of Spare
Parts," RAND RM-2920 PR (May 1962).
-
"Perspective on Economic Growth," in J.R. Coleman, ed., The Changing American
Economy: Forum Lectures (Voice of America, 1967).
-
"Governmental 'Neutralism' and Activism in Growth Decisions," in E.S. Phelps,
ed., The Goal of Economic Growth (Norton, 2nd edtn., 1969).
-
"Federal Poverty Fund," Letter to The New York Times, June 15, 1969.
-
Report of the Task Force on Inflation of the President-Elect, with D.I.
Meiselman (Chmn.), A.C. Harberger and others, January 1969.
-
"The Economy," Letter to The New York Times, April 29, 1971.
-
"Unreasonable Price Stability--The Pyrrhic Victory over Inflation," in
A.M. Okun, ed., The Battle Against Unemployment (Norton, 2nd ed., 1972).
-
"Economics and Government: The 1972 Economic Report of the Council of Economic
Advisers," American Economic Review, Vol. 62 (September 1972).
-
"The Harried Leisure Class: A Demurrer (for the Symposium on S.B. Linder's
The Harried Leisure Class)," Quarterly Journal of Economics, Vol. 87 (November
1973).
-
Remarks on Monetary Policy-Making under Rational Expectations," Conference
on Rational Expectations and Monetary Policy, Federal Reserve Bank of Minneapolis,
mimeo., October 1974.
-
For a Quantum Increase of the Quantity of Money to Finance the One-Time
Tax Rebate" (published under the title "Creating the Money for Tax Rebates"),
The New York Times, January 26, 1975.
-
"Economic Policy and Unemployment in the 1960's," The Public Interest,
No. 34 (Winter 1974).
-
Report of the Panel on Social Security Financing, Committee on Finance,
U.S. Senate, with Wm. Hsiao (Director), P.A. Diamond, E. Morehead, and
others, February 1975.
-
"Notes on Index Theory and Indexation Policy," Conference on Indexation,
University of Sao Paulo and National Bureau of Economic Research, mimeo.,
February 1975.
-
Testimony, Hearings on Monetary Policy Oversight, Committee on Banking,
Housing and Urban Affairs, U.S. Senate, February 1975.
-
Discussions, Brookings Papers on Economic Activity, passim, 1976, 1977,
1978, et seq.
-
"International Economic Justice," Memorandum to Guggenheim Foundation,
Sept. 1977.
-
"Rational Taxation," Social Research, December 1977.
-
Testimony, Subcommittee on Monetary Policy, House Banking Committee, March
1979.
-
"Choosing a New International Economic Order," with J.A. Ordover, Memorandum
to the Alfred P. Sloan Foundation, April 1979.
-
"Justice in the Theory of Public Finance," Journal of Philosophy, Papers
and Proceedings, November 1979.
-
"Welfare Economics of Post-Classical Economies," with G.A. Calvo, Memorandum
to the Alfred P. Sloan Foundation, April 1980.
-
Discussion of Inflation Stabilization, Tenth Anniversary, Brookings Papers
on Economic Activity, Spring 1980.
-
"On Okun's Micro-Macro System: A Review Article," Journal Of Economic Literature,
September 1981.
-
"A Fail-Safe Design for Disinflation," Address to the Atlantic Economic
Society, New York, October 1981, Atlantic Economic Journal, Spring 1982.
-
"Toward Reducing the Losses from Disinflation in Some Developing Countries,"
IMF DM 84/18, March 1984.
-
"The Real Interest Rate Quiz," Presidential Address to the Atlantic Economic
Society, Montreal, October 1984; Atlantic Economic Journal, Spring 1985.
-
"Uncertainties over the Economic Recovery of the United States," Tocqueville
Society, Paris, June 1985, in Two Pieces on Current Economic Policy, Discussion
Paper, Banca d'Italia, November 1985. Tocqueville Review, Vol. 7
(1985/86).
-
"Appraising the American Fiscal Stance," Address to the University of Sassari
Conference, September 1985, Alghero, in Two Pieces on Current Economic
Policy, Discussion Paper, Banca d'Italia, November 1985, Published in M.J.
Boskin, J.S. Flemming and S. Gorini, eds., Private Saving and Public Debt,
Oxford: Blackwell, 1987.
-
"Economic Equilibrium and Other Economic Concepts: A 'New Palgrave' Quartet,"
European University Institute Working Paper 86/222, June 1986.
-
"Equilibrium--An Expectational Concept", "Phillips Curves", "The Golden
Rule", "Distributive Justice", in The New Palgrave--A Dictionary of Economics,
London: Macmillan, 1987.
-
"Recent Studies of Speculative Markets in the Controversy over Rational
Expectations," 3rd PROTER Conference on the Post Industrial Society, Spoleto,
July 1986; publication forthcoming. French trans., Revue Francaise d'Economie,
Vol. 2, Summer 1987.
-
"Legislating Economic Justice for the Working Poor," ms., Dec. 1986.
-
"Been Down So Long Seems Like Up to Me," with J.P. Fitoussi, Financial
Times, April 13, 1988.
-
"Le Marasme," with J.P. Fitoussi, Le Monde, May 10, 1988.
-
"Comment on [N. Gregory Mankiw's] 'Recent Developments in Macroeconomics,
A Very Quick Refresher Course'," Journal of Money, Credit and Banking,
v. 20, no. 3 (August 1988, Part 2), pp. 456-58.
-
"Pour soient pris des risques calcules", with J.-P. Fitoussi, Le Monde,
October 11, 1988.
-
Discussion "Seignorage in Europe" [by Victor Grilli], in M.de Cecco and
A. Giovannini, eds. A European Central Bank? Proceedings of the 1988 IMPG/CEPR
Conference, Cambridge: Cambridge University Press, 1989.
-
"Precommitment to Rules in Monetary Policy," 14th Annual Federal Reserve
Bank of St. Louis Conference, Monetary Policy on the Fed's 75th Anniversary,
October 1989, Journal of Money Credit and Banking, 1991 (?).
-
"1992 Europe as a Unified Customer Market," Ch. 3 in Gerald R. Faulhaber
and Gualtiero Tamburini, eds., European Economic Integration, Dordrecht:
Kluwer Academic Publishers, 1991, 39-48.
-
"Sub-normal Unemployment in Socialist Economies," in Emil-Maria Claassen
(ed.) Exchange Rate Policies of Less Developed Market and Socialist Economies,
San Francisco: International Center for Economic Growth, forthcoming.
-
"Global Effects of Eastern European Rebuilding and the Adequacy of Western
Saving: an Issue for the 1990s," in Rivista di Politica Economica, 80,
Dec. 1990; also in Economics for the New Europe, A. B. Atkinson and R.
Brunetta, eds., London: Macmillan, 1991.
-
"Agenda for Economic Justice to the Working Poor," Conference on Aspects
of the Distribution of Wealth and Income, Jerome Levy Institute at Bard
College, October 19-20, 1990; published in D. Papadimitri, ed., Aspects
of the Distribution of Wealth and Income, London: Macmillan, 1994.
-
"Conclusions: to the 2nd Annual Villa Mondragone Seminar: World Saving,
Prosperity and Growth", in Rivista di Politica Economica, 80, December
1990.
-
"Proposed Reforms of the Economic System of Information and Decision in
the USSR: Commentary and Advice," (with K. J. Arrow), Rivista di Politica
Economica, v.81 (November 1991).
-
"Conclusions: to the 3rd Villa Mondragone Seminar: Mass Privatization in
Eastern Europe, in Rivista di Politica Economica, 81, December 1991.
-
"Expectations in Macroeconomic Theory," in A. Vercelli and N. Dimitri,
eds., Alternative Approaches in Macroeconomics, Oxford University Press,
1992.
-
"Conclusions: to the 4th Annual Villa Mondragone Seminar: Economic Growth,"
in Rivista di Politica Economica, 82, December 1992.
-
"A Review of Unemployment [by R. Layard, S. Nickell and R Jackman]," Journal
of Economic Literature, v.30 (September 1992), 1483-97. Reprinted,
Journal of Economic Studies, v. 20, No. 1/2, 7-26, Summer 1993.
-
"The Impact of Fiscal and Productivity Shocks on the Natural Rate of Unemployment
in a Two-Country World," with Hian Teck Hoon, in Open-Economy Macroeconomics,
Helmut Frisch and Andreas Wörgötter, ed., London: Macmillan for
the International Economics Association, 1993.
-
"Foreign and Domestic Determinants of Unemployment Rates through Real-Interest
and Real-Exchange-Rate Channels," mimeo., 79 pp., Paris, May 1992, in collaboration
with Gylfi Zoega. Published in the Second Annual Report of the Policy
Evaluation Group of O.F.C.E., Taux d'Interet et Chômage, Paris, Presses
de la Fondation Nationale des Sciences Politiques, 1993.
-
"The Case for Low-Wage Employment Subsidies," published in French in the
Third Annual Report of the Policy Evaluation Group of O.F.C.E., Pour l'Emploi
et la Cohésion Sociale, Paris, Presses de la Fondation National
des Sciences Politiques, 1994.
-
"The Origins and Further Development of the Natural
Rate of Unemployment," in Rod Cross, ed., The Natural Rate Twenty-Five
Years On, Cambridge: Cambridge University Press, 1994.
-
Contributing editor (various chapters), EBRD Economic Review: Annual Economic
Outlook, London, European Bank for Reconstruction and Development, September
1993.
-
"Conclusions: to the 5th Annual Villa Mondragone Seminar: Causes of the
Present Unemployment," Rivista di Politica Economica, 83, December 1993
-
"Do the Main Structural Forces of the 1970s and 1980s Account for the 1990s
Slump as Well?" with Gylfi Zoega, Rivista di Politica Economica, 83, December
1993.
-
"A Life in Economics," in A. Heertje, ed., The Makers of Modern Economics
(Aldershot, Elgar, 1995).
-
"Low-Wage Employment Subsidies v. The Welfare
State," American Economic Review: Papers and Proceedings, 84, May 1994.
-
"Le chômage structurel: causes et remèdes," Le Figaro, Friday,
27 May 1994.
-
"On the Damaging Side Effects of Welfare System: How, Why, What to Do,"
Rivista di Politica Economica, 84, November 1994.
-
"Conclusions: to the 6th Annual Villa Mondragone Seminar: Equity, Efficiency
and Growth - the Future of the Welfare State," Rivista di Politica
Economica, 84, December 1994.
-
"Wage Subsidy Programs: Alternative Designs," in Guillermo de la Deheza
and Dennis H. Snower, eds., Solutions to Unemployment, Cambridge: Cambridge
University Press for CEPR, 1996.
-
"The Structuralist Theory of Unemployment,"
American Economics Review Papers and proceedings, 85, May 1995.
-
"Global vs. Domestic Factors in Postwar Italian Unemployment," Proceedings
of the Conference Commemorating Maffeo Panteleoni, Rivista di Politica
Economica, 85, June 1995.
-
"Statement on Payroll Taxes and Wage
Subsidies," National Commission on Economic Growth and Tax Reform (Kemp
Commission), September 20, 1995.
-
Conclusions: to the 7th Annual Villa Mondragone Seminar: Institutions and
Economic Organization, Rivista di Politica Economica, 86, June 1996.
-
Interview and biography ("L'aide à l'emploi des salariés
non qualifiés doit être massive et permanente,"), Le Monde,
Tuesday, 12 March 1996.
-
"Subsidize Employment," Policy Options/Options Politique, 17 July/August,
1996, 5-9.
-
"Scapegoating the Natural Rate," Wall Street Journal, August 6, 1996.
-
"Refitting the West's Winning Economic Model," Project Syndicate (for European
newspapers), March 1997. Published in Le Monde (Nov.), El Pais (Oct.),
La Repubblica (May), Der Standard (April), and many Eastern European papers.
On-line at www.columbia.edu/~esp2.
-
"A Strategy for Employment and Growth," Rivista Italiana degli Economisti,
v. 2, no. 1, April 1997, 121-128.
-
"Quids in if you work," Financial Times, 31 October 1997.
-
1st Semi-Annual Report to the Consiglio Nazionale delle Ricerche, Rome,
November, 1997.
-
2nd Semi-Annual Report to the Consiglio Nazionale delle Ricerche, Rome,
May 1998.
-
"Designing Capitalism for Fast Growth and High Employment," Rivista Internazionale
di Science Sociali, 106, October-December 1998, 501-513.
-
"Designing a Capitalist Economy for Fast Growth and High Employment in
Today's Globalized World Economy," Journal of Applied Economics 1, November
1998, 87-103.
-
3rd Semi-Annual Report to the Consiglio Nazionale delle Ricerche, Rome,
November 1998.
-
"Lessons from the Corporatist Crisis in Some Asian Nations," Journal of
Policy Modeling, March 1999, from the Roundtable on the East Asian Financial
Crisis, American Economic Association meetings, New York, January 4, 1999.
-
"The Global Crisis of Corporatism," Wall Street Journal, March 25, 1999.
-
4th Semi-Annual Report to the Consiglio Nazionale della Richerche, May
1999.
-
"Le génie du capitalisme," Le Soir, series Idées d'Ete
(1), 16 July 1999.
-
5th Semi-Annual Report to the Consiglio Nazionale della Richerche, Nov.
1999.
-
"Low Inflation, Low Unemployment. What gives?" Wall Street Journal, April
7, 2000.
-
6th Semi-Annual Report to the Consiglio Nazionale della Richerche, May
2000.
-
"Nairu is still a valid model," Australian Financial Review, July 26, 2000.
-
"Europe's stony ground for the seeds of growth," Financial Times, August
9, 2000.
-
"Der Filz dämpft den Aufschwung," CASD, no.34, 25 August 2000.
-
"The importance of inclusion and the power of job subsidies to increase
it," OECD Conference on Making Work Pay, OECD Economic Studies, 31, 2000/II.
-
"Subsidize Wages: a commentary on universal basic income," Boston Review,
25, October-November 2000.
-
"The Unproven Case for Tax Cuts," Financial
Times, February 2, 2001.
PARTIAL SUMMARY OF 1998-99 ADDITIONS TO THE CV:
-
OECD consultancy, Paris, March 1999.
-
Colson chair, Sciences Po, Paris, March 1999.
-
3rd Semi-Annual Report to CNR, Rome, November 1998.
-
'Moral hazard and independent income..,' in Chichilnisky, ed., Cambridge
U.P., 1998.
-
'Behind this structural boom: the role of asset valuations,' AERP&P,
May 1999.
-
'Lessons in natural-rate dynamics,' in Oxford Economic Papers, January
2000.
-
'Education and the natural rate of unemployment,' (with Zoega, Orszag),
OEP, Jan. 2000.
-
Roundtable on East Asia (Dornbush, Mussa and Stiglitz), Journal of Policy
Modeling, March 1999
-
"The Global Crisis of Corporatism," Wall Street Journal, March 25, 1999.
-
Premiare Lavoro, Laterza, Rome, 1999 (Ital. edn. of Rewarding Work (1977)).
-
RISS, Oct.-Dec. 1998.
-
J. Applied Economics, Nov. 1998.
PARTIAL SUMMARY OF 1998-99 ADDITIONS TO THE CV:
-
Distinguished Fellow, AEA
November 2000 CV
(Available in: [PDF, 44 KB])