Mass Flourishing: Nobel Laureate Edmund Phelps on how nations create prosperity, dynamism& innovation; how they lose it—and how to get it back

July 10, 2014
Hosted by Té Revesz

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Episode Description

What makes nations “flourish”? Nobel Prize-winning economist Edmund Phelps pinpoints the modern values in the West that fueled widespread innovation by empowering millions of people to think of, develop, & market innumerable new products & processes. Such dynamic grassroots innovation in turn created not just material wealth, but meaningful work, self-expression, & personal growth for growing numbers of its citizens —i.e. “mass flourishing.” But now, Phelps argues in “Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, & Change,” the sources of that prosperity are in danger. Why? French-American Foundation’s Charles Kolb joins to ask Phelps why he believes the resurgence of “traditional” values on both the left & right has suffocated innovation in the U.S. & Europe, producing economic stagnation & declining real incomes. What do the Western nations need to do to regain momentum? What kinds of institutional changes are needed to restore them to states of high dynamism?

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Té Revesz

Té Revesz is known for her ability to conduct strategic research on a global basis and for her creativity in handling complex business challenges.

As principal of GlobalReach-SBI, a research and consulting firm with a network spanning over 60 countries, Té provides clients with strategic intelligence on market opportunities and threats. She covers such diverse areas as global branding, new product development, payment cards, clinical trials, and political risk. An expert in primary research, Té has interviewed business, government and labor leaders, doctors and technical experts—and managed focus groups—around the world. She was profiled in Super Searchers Go to the Source as one of the top US interviewers.

Prior to founding her own firm, Té headed the Industrial & Healthcare Practices of FIND's Strategic Consulting & Research Group and taught at the Zicklin School of Business (Baruch/CUNY). She was the Editor of Business International’s flagship newsletter and helped create its country risk service.

An NYC native, Té is active with Citizen Action, the URJ’s Commission on Social Action, and NY Neighbors for American Values (defending religious freedom, diversity and equality). She holds a Masters from Columbia’s School of International & Public Affairs and a BA from Goucher College. She’s an avid bike rider, theater buff and farmers market supporter—and the bemused owner of 2 demanding felines.

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