How Can We Rebuild a Flourishing American Economy?
Nobel laureate Edmund Phelps tracks the rise and fall of dynamic economies and explains the problems facing innovation and entrepreneurship in America.
Innovation Edmund Phelps outlines the historical emergence of flourishing economies, which value career satisfaction, creativity and individualism.
Collaboration The birth of modern cities allowed entrepreneurship to blossom as innovators and entrepreneurs were forced into close quarters.
Culture The focus on Wall Street and corporate careers has led to a drop in America's dynamic innovative growth.
Strategy Changing education, youth attitudes and government policy are all prescriptions for increasing innovation and growth in our economy.
Politics The risk of pork barrel politics is that businesses start to expend resources on lobbying the government instead of innovation.