Economic Battle Royale: Infrastructure Spending vs. Austerity


Edmund Phelps at RAND's Politics Aside event

Sir Harold Evans, Undersecretary of State Robert Hormats, Stuart Hoffman, Nicholas Wapshott, and Edmund Phelps at RAND's Politics Aside 2012 event

Photo by Diane Baldwin/RAND

December 26, 2012

Robert Hormats, undersecretary of state for economic growth, energy and environment, goes toe to toe with Nobel laureate Edmund Phelps on whether the government should spend on infrastructure to bolster the economy or cut spending. Their debate, including economist Stuart Hoffman and columnist Nicholas Wapshott, takes place at at RAND's Politics Aside conference in Santa Monica, Calif.

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