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A Comment on “What Is Wrong with the West’s Economies?” by Edmund Phelps

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Abstract

Professor Phelps has written a plea for social, technological, and economic innovation as the key to human flourishing. I cannot see how the middle class drab life could be alleviated by innovation. This paper criticises his views and argues that people need what I call openings (opportunities) that channel their natural activities in the right way.

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  1. University of Helsinki, PL 24, 00014, Helsinki, Finland

    Timo Airaksinen

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  1. Timo Airaksinen
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Correspondence to Timo Airaksinen.

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Airaksinen, T. A Comment on “What Is Wrong with the West’s Economies?” by Edmund Phelps. Homo Oecon 33, 37–41 (2016). https://doi.org/10.1007/s41412-016-0013-4

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  • DOI: https://doi.org/10.1007/s41412-016-0013-4

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