Edmund S. Phelps


Edmund S. Phelps

Photo: R. Talaie

Edmund S. Phelps
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2006

Born: 26 July 1933, Evanston, IL, USA

Affiliation at the time of the award: Columbia University, New York, NY, USA

Prize motivation: “for his analysis of intertemporal tradeoffs in macroeconomic policy”

Prize share: 1/1


Edmund Phelps spent his school years in Hastings-on-Hudson, New York. He was an avid trumpet player, and credits the creative environment where he grew up as a major influence in his life. He went on to study at Yale where he received his Ph.D. in 1959. Phelps has taught and conducted research at several institutions in the U.S. In 1974 he married Viviana Montdor.


Edmund Phelps was awarded the Prize in Economic Sciences for his analysis of intertemporal trade-offs in macroeconomic policy, especially with regard to inflation, wages, and unemployment. In the late 1960s Phelps began his prize-awarded work, which challenged the assumption that high levels of unemployment corresponded with low levels of inflation and vice versa.

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MLA style: Edmund S. Phelps – Facts. NobelPrize.org. Nobel Prize Outreach AB 2023. Fri. 22 Sep 2023. <https://www.nobelprize.org/prizes/economic-sciences/2006/phelps/facts/>

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