A Review of James Forder, Macroeconomics and the Phillips Curve Myth
The Center for the History of Political Economy Working Paper Series at Duke University, Forthcoming
8 Pages Posted: 22 Jul 2017
Date Written: October 20, 2016
In this review, I argue that Forder makes a fine job in debunking the story told by Friedman in his Nobel prize lecture about the Phillips curve yet fails to assess the validity of Phelps’s and Friedman’s contributions to the Phillips curve theory.
Keywords: Phillips curve, A.W. Phillips, M. Friedman, E. Phelps
JEL Classification: B22, B30, E24, E31
Suggested Citation: Suggested Citation