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  3. Journal of Economic Literature
  4. March 2014
  5. A Flourishing Economist: A Review Essay on Edmund Phelps's Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change

A Flourishing Economist: A Review Essay on Edmund Phelps's Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change

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Abstract

In his recent Mass Flourishings, Edmund Phelps makes a strong and eloquent plea for a more dynamic economy, which he sees not only as a key for economic performance, but also as necessary for what he calls "the good life." This review essay evaluates those claims in the light of economic history.

Citation

Mokyr, Joel. 2014. "A Flourishing Economist: A Review Essay on Edmund Phelps's Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change." Journal of Economic Literature, 52 (1): 189-96. DOI: 10.1257/jel.52.1.189

Additional Materials

JEL Classification

  • E02 Institutions and the Macroeconomy
  • N00 Economic History: General
  • O10 Economic Development: General
  • O30 Technological Change; Research and Development; Intellectual Property Rights: General
  • P16 Capitalist Systems: Political Economy