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Edmund Phelps quoteEdmund Phelps [1933-0] American Economist
Quote rank: 409



The level of dynamism is a matter of how fertile the country is in coming up with innovative ideas having prospects of profitability, how adept it is at identifying and nourishing the ideas with the best prospects, and how prepared it is in evaluating and trying out the new products and methods that are launched onto the market.

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