Who is Edmund Strother "Ned" Phelps?
Q: Who is Edmund Strother "Ned" Phelps?
A: Edmund Strother "Ned" Phelps is an American economist who was awarded the 2006 Nobel Memorial Prize in Economic Sciences.
Q: Where was he born?
A: He was born on July 26, 1933 in Evanston, Illinois.
Q: What is he best known for?
A: He is best known for his work on economic growth at Yale University's Cowles Foundation in the 1960s, including the idea of the Golden Rule savings rate.
Q: What does his work focus on?
A: His work focuses on microeconomics of full employment and how prices affect wages, as well as the natural rate of unemployment.
Q: What position has he held since 1982?
A: Since 1982, he has been the McVickar Professor of Political Economy at Columbia University and director of Columbia's Center on Capitalism and Society.
Q: When was his Nobel Prize award announced?
A: His Nobel Prize award was announced on October 9, 2006.
Q: Did he receive it alone or with others?
A:He received it alone, breaking the recent pattern of awarding two or more winners at once.
