Quote of the day
Ultimately, America's answer to the intolerant man is diversity, the very diversity which our heritage of religious freedom has inspired.
Edmund Phelps
Born: July 26, 1933 (age 90)
Bio: Edmund Strother Phelps, Jr. is an American economist and the winner of the 2006 Nobel Memorial Prize in Economic Sciences.
Known for:
- Seven schools of macroeconomic thought (1990)
- Inflation Policy and Unemployment Theory (1972)