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Edmund Phelps, Nobel Laureate in Economics 2006, has made invaluable contributions to the understanding of the structural forces of economics. On the basis of the Phillips Curve, Phelps' expectations-augmented Phillips Curve has been largely adopted by global policy makers today. Shirley Yu and Martina Fuchs dive into his temporal-spacial dimension to converse on some fundamental forces moving our society, the modern economy and China.
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