A Quote by Edmund Phelps

After a major loss of dynamism in the 1960s, productivity growth rates began dropping in most countries, falling by half in the U.S. in the 1970s and more or less ceasing altogether in France, Germany and Britain in the late 1990s.

Edmund Phelps

Quote Topics

After Altogether Began Britain Countries Dropping Dynamism Falling France Germany Growth Half Late Less Loss Major More More Or Less Most Productivity Rates

Quote Author

Edmund Phelps
American - Economist
Born: July 26, 1933

During the 1960s, and again in the 1970s, growth in manufacturing productivity in the United Kingdom was the lowest of all the seven major industrial countries in the world. During the 1980s, our annual rate of growth of output per head in manufacturing has been the highest of all the seven major industrial countries.

Nigel Lawson

The main cause of Europe's deep fall - the losses of inclusion, job satisfaction and wage growth - is the devastating slowdown of productivity that began in the late 1990s and struck large swaths of the continent. It holds down the growth of wages rates, and it depresses employment.

Edmund Phelps

Germany, Italy and France appear to possess less dynamism than do the U.S. and the others.

Edmund Phelps

We've consistently seen, since the late 1990s, that more than half of women believe that abortion should be severely restricted or abolished altogether.

Faye Wattleton

Today there are more Muslims at prayer on Fridays in Britain, France, or Germany than there are Christians at mass or liturgy in those countries on Sundays.

Srda Trifkovic

Trump's election is part of an international trend that's no less alarming, in Britain, in France, in Germany, in Austria. Vladimir Putin wanted to see this outcome no less than he would like to see nationalists and anti-Europeanists win in France.

David Remnick

In my view, the key aim of economic policy in many countries, and particularly in Russia, should be the sort of policy that stimulates productivity growth because only on the basis of growth of labour productivity can we enjoy healthy growth.

Elvira Nabiullina

Mass prosperity came with the mass innovation that sprung up in 1815 in Britain, soon after in America, and later in Germany and France: It brought sustained growth to these nations - also to nations with entrepreneurs willing and able to copy the innovations.

Edmund Phelps

Productivity growth, however it occurs, has a disruptive side to it. In the short term, most things that contribute to productivity growth are very painful.

Janet Yellen

Europe's budget plans are better designed: countries from France to Greece are raising retirement ages; others, from Britain to Germany, have created new organisations and rules to encourage fiscal probity. But Europe risks overkill.

Zanny Minton Beddoes

It was one thing to contain the Soviet Union in Europe because Britain, France, and Germany were all willing to join in. But will Japan and other Asian countries be willing to join in the containment of China?

Samuel P. Huntington

The dreams of the 1960s began to disappear in the 1970s. The economy collapsed, and so did the optimism of the Metabolists.

Toyo Ito

Unemployment determination in a modern economy was the main subject area of my research from the mid-1960s to the end of the 1970s and again from the mid-1980s to the early 1990s.

Edmund Phelps

If the Chinese can't buy U.S. products, they'll buy them from European countries and then develop stronger economic ties with France and Germany and perhaps side more with those countries when international issues flare up.

Gary Locke

They have it wrong in asking if Schroeder favors Britain over France, or France over Britain. Schroeder favors Germany. That is what we all have to understand.