Edmund S. Phelps — Nothing Natural About the Natural Rate of Unemployment

Summary:
All this does not mean there is no natural unemployment rate, only that there is nothing natural about it. There never was. Project SyndicateNothing Natural About the Natural Rate of Unemployment Edmund S. Phelps | 2006 Nobel laureate in economics, and Director of the Center on Capitalism and Society at Columbia University

Topics:
Mike Norman considers the following as important: Natural Rate, natural rate of interest, natural rate of unemployment, neoclassical economics

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