Phelps’s work can be seen as a program to put “people as we know them” back into economic models – accounting for the incompleteness of their information and understanding, and studying the effects of their expectations on the market. He applies this perspective in studying unemployment and inclusion, economic growth, business swings and dynamism.

Phelps holds many honorary doctorates and professorships, including from the Université libre de Bruxelles (2010), Tsinghua University (2007) and the Institut d’Etudes Politiques de Paris (2006), among others. Phelps is a Fellow of the National Academy of Science and a Distinguished Fellow of the American Economic Association, and in 2001 a Festschrift conference was held in his honor. In 2008, he was named Chevalier de la Légion d’Honneur. The same year the UBA Law School established the Catedra Phelps and the Phelps Medal for Innovation. In 2010, he was appointed Dean of New Huadu Business School at Minjiang University in Fuzhou. In 2011, Professor Phelps was named a Full Foreign Member of the Russian Academy of Sciences. In 2012, Professor Phelps was elected an Honorary Patron of the University Philosophical Society of Trinity College.

Topics

• Global Economy
• Macroeconomics
• Economic Growth
• Labour Markets
• Capital Accumulation
• Unemployment
• Altruism
• Dynamism and Inclusion

Publications

• Mass Flourishing (2013)
• Rethining Expectations (Co-editor) (2012)
• Designing Inclusion (Editor and contributor) (2003)
• Enterprise and Inclusion in Italy (2002)
• Rewarding Work (1997)
• Structural Slumps (1994)

Awards

• In 2012, Mendeleev Medal, St. Petersburg, Russia
• In 2012, President’s Medal of the National University of Ireland, Galway
• In 2011, Louise Blouin Creative Leadership Award, New York
• In 2008, Global Economy Prize, Institut für Weltwirtshaft, Kiel
• In 2008, Premio Pico della Mirandola
• In 2006, Nobel Memorial Prize in Economic Sciences
• In 1996, Kenan Enterprise Award