Economic Sciences in Memory of Alfred Nobel, referred to, colloquially, as the Nobel Prize in Economics for "his analysis of inter-temporal tradeoffs in macroeconomic policy." In announcing the prize, the Royal Swedish Academy of Sciences said Phelps's work had "deepened our understanding of the relation between short-run and long-run effects of economic policy." In the year 2000, Phelps was made a Distinguished Fellow of the American Economic Association. In February 2008, he was named Chevalier of France's Legion of Honor. Four months later he was given the Global Economy Prize of Kiel Institute for the World Economy. In 2014, he received the Chinese Government's Friendship Award and the Wilbur Lucius Cross Medal from Yale University. Furthermore, Phelps received honorary degrees from several renowned institutions acknowledging his academic work. In 1985, he was awarded an honorary degree from his alma mater, Amherst College. In June 2001, he received an honorary doctorate from the University of Mannheim and, in October 2003, from Universidade Nova de Lisboa; in July 2004, from Paris Dauphine University and in October 2004, from the University of Iceland. He also holds honorary doctorates from the Institut d'Etudes Politiques de Paris (2006), the University of Buenos Aires (2007), Tsinghua University (2007), and the Université libre de Bruxelles (2010). From 2010 to 2016, he served as Dean of New Huadu Business School at Minjiang University in Fuzhou. Bibliography References External links Edmund Phelps official webpage at Columbia University Nobel Prize Professor Edmund S. Phelps Wins 2006 Nobel Prize in Economics, a Columbia University press release 1933 births Living people 20th-century American economists 20th-century American writers 21st-century American economists 21st-century American non-fiction writers American Nobel laureates Amherst College alumni Columbia University faculty Distinguished Fellows of the American Economic Association Economists from Illinois Economists from New York (state) Fellows of the American Academy of Arts and Sciences Fellows of the Econometric Society Foreign Members of the Russian Academy of Sciences Macroeconomists Members of the United States National Academy of Sciences Nobel laureates in Economics People from Evanston, Illinois People from Hastings-on-Hudson, New York University of Pennsylvania faculty Yale University alumni