Edmund Phelps Quotes
I grew up, until age 6, in Chicago. My parents rented their apartment and, at the end of the Depression, my parents wanted to replicate that situation. So, again, we lived in a somewhat suburban setting outside of New York City, and again, they rented.
Citations
Phelps, Edmund S. Interview by Allysia Finley. "The Weekend Interview: The Cult of Homeownership." The Wall Street Journal, 11 Oct. 2013.
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Edmund Strother Phelps (born July 26, 1933) is an American economist and the recipient of the 2006 Nobel Memorial Prize in Economic Sciences.