Macroeconomics and the Phillips Curve Myth

by James Forder

Book Overview

This book reconsiders the role of the Phillips curve in macroeconomic analysis in the first twenty years following the famous work by A. W. H. Phillips, after whom it is named. It argues that the story conventionally told is entirely misleading. In that story, Phillips made a great breakthrough but his work led to a view that inflationary policy could be used systematically to maintain low unemployment, and that it was only after the work of Milton...

• Format: Hardcover
• Language: English
• ISBN: 0199683654
• ISBN13: 9780199683659
• Release Date: December 2014
• Publisher: Oxford University Press, USA
• Length: 318 Pages
• Weight: 1.10 lbs.
• Dimensions: 0.8" x 6.2" x 9.2"