… he published his first Cowles Foundation Discussion Paper (CFDP), which he listed as his first published article in his … “The Accumulation of Risky Capital,” published first as a CFDP in February 1961 and then in the journal Econometrica in … the NSF.Screenshot 2026-05-20 114123.pngUnfortunately, in 1965, Phelps was informed that he had not received tenure at …