Edmund Phelps quote

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In essence, capitalist systems are a mechanism by which economies may generate growth in knowledge - with much uncertainty in the process, owing to the incompleteness of knowledge.
Edmund Phelps
Edmund Phelps
Edmund Phelps
Born: Jul 26, 1933

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Knowledge, Systems, Uncertainty, Generate, Economies, Owing, Essence, May, Process, Which, Much, Capitalist, Mechanism, Growth

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Alan Greenspan, Herbert A. Simon, John Kenneth Galbraith, Milton Friedman, Paul A. Volcker, Richard Thaler, Robert Reich, Thomas Sowell
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