Microeconomic foundations of macroeconomics;
persistence of unemployment and inflation;
island parable;
flourishing;
innovation;
A13;
B22;
D21;
D63;
D82;
E24;
E63;
I30;
J28;
J64;
O11;
O12;
O31;
O41;
Y3;
ACCUMULATION;
D O I:
10.1080/13571516.2023.2271274
中图分类号:
F [经济];
学科分类号:
02 ;
摘要:
This review argues that Edmund Phelps in fact undertook one journey, which led him to the theme of "flourishing," meaning that workers derive satisfaction from their job. He sees flourishing people rather than scientists and entrepreneurs as the ultimate source of innovation and hence economic growth, a topic that has occupied his mind from the beginning of his brilliant career. The book makes for fascinating reading-and in passing traces the new Macroeconomics pioneered by its author.