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Edmund Phelps, Who Upended the Way We View Inflation, Dies at 92

Edmund Phelps, Who Upended the Way We View Inflation, Dies at 92

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.

Source: https://www.nytimes.com/2026/05/18/business/economy/edmund-phelps-dead.html

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