Innovation, inequality and economics: Vox Views with Edmund Phelps and Mark Thoma HD

At the Lindau meeting of Nobel laureates and young economists this week, Edmund Phelps argued that a loss of dynamism in the western world is stalling innovation, reducing productivity growth and threatening future prosperity. In this wide-ranging interview with Mark Thoma, they discuss his ideas, as well as inequality, austerity and graduate economics education. Produced by Econ Films