Cover of My Journeys in Economic Theory by Edmund Phelps

My Journeys in Economic Theory

Edmund Phelps

A Nobel laureate's memoir, as interested in Rawls and Italian opera as in the Phillips curve.

Edmund Phelps recounts a career spent on employment, inflation, and the work on expectations that reshaped macroeconomics. The memoir is unusually personal: he is preoccupied with Rawls and Nagel, and writes about the tenor Franco Corelli and the soprano Birgit Nilsson with as much feeling as he brings to theory. For readers who want the person as well as the economics.

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Tyler Cowen

Edmund Phelps, My Journeys in Economic Theory. A fascinating memoir, I had not known he was so obsessed with Rawls and Nagel. He also loved the tenor Franco Corelli, and was a Birgit Nilsson fan too. Recommended, for those who like this sort of thing, and who already are familiar with the cast of characters.

Source · August 2025

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