Renowned Economist Edmund Phelps Offers Exclusive Lecture at Seton Hall University
Wednesday, March 20, 2024
The Office of the President and the Office of the Provost are delighted to extend a special invitation to the Seton Hall University community
for the rescheduled, exclusive book signing and lecture featuring renowned economist,
Professor Edmund Phelps, at 11 a.m on Thursday, April 4, 2024 in Bethany Hall.
Professor Phelps will share insights from his latest work, My Journeys in Economic Theory, and autograph complimentary copies for attendees.
Registration is now open for what will be an enriching experience and event, and the first 125 to register and attend will receive a complimentary copy of My Journeys in Economic Theory.
Phelps, recipient of the 2006 Nobel Memorial Prize in Economics, is McVickar Professor Emeritus of Political Economy and Director of the Center on Capitalism and Society at Columbia University. Born in 1933, he spent his childhood in Chicago and, from age six, grew up in Hastings-on-Hudson, New York. He attended public schools, earned his B.A. from Amherst (1955) and got his Ph.D. at Yale (1959).
In the 1960s, most notably, he put the macro-economics of Keynes onto a micro-economic foundation by introducing imperfect information and firms’ expectations into wage-setting and price-setting; he coined the term the Golden Rule of saving; and he observed what has come to be known as "the natural rate of unemployment."
In the 1970s, 1980s and 1990s he branched out from standard economics to work on new subjects: statistical discrimination, economic justice and the benefits of altruism.
Beginning with Rewarding Work (1997), he began to recognize the importance of the non-pecuniary rewards of work: being engaged in projects, the delight of succeeding at something and the experience of flourishing on an unfolding voyage. Over the past two decades he developed a new theory of innovation sparked by modern values and fueled by ordinary people working in the economy.
His most recent books are Mass Flourishing (2013); with Raicho Bojilov, Hian Teck Hoon and Gylfi Zoega, Dynamism (2020); My Journeys in Economic Theory (2023); and with Hian Teck Hoon and Gylfi Zoega, The Great Economic Slowdown (2023).
This is a unique opportunity to engage with a Nobel laureate and delve into the thoughts and ideas that have shaped economic discourse. The Office of the President and the Office of the Provost are proud sponsors of this event.