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It's All About Attitude.(Edmund Phelps, economist, Nobel laureate)(Interview)
Byline: Stefan Theil
With the demand for microfinancing on the rise, and tech start-ups heading back to Wall Street, entrepreneurship is key when it comes to economic growth these days. But that wasn't always the case. When he accepted the 2006 Nobel Prize in Economics in Stockholm, Edmund Phelps was the first winner in decades to focus his speech on entrepreneurship, despite the crucial role that innovative, fast-growing companies play in job creation, technological progress and growth around the globe. Lately, the 74-year-old American economics professor has focused on what exactly drives certain economies to be innovative while others lag behind. NEWSWEEK's Berlin bureau chief Stefan Theil, ...
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