He won a Nobel in 2006 for challenging the conventional wisdom among economists that higher inflation was a necessary price to pay for low unemployment.He won a Nobel in 2006 for challenging the conventional wisdom among economists that higher inflation was a necessary price to pay for low unemployment. Phelps, Edmund S, Deaths (Obituaries), Banking and Financial Institutions, United States Economy, Inflation (Economics), Nineteen Hundred Sixties, Nobel Prizes, Economics (Theory and Philosophy), Money-Wage Dynamics and Labor-Market Equilibrium (Book) Read More
Edmund Phelps, Who Upended the Way We View Inflation, Dies at 92
