136
Views
0
CrossRef citations to date
0
Altmetric
Book Reviews

Macroeconomics and the Phillips Curve Myth, by James Forder

Oxford: Oxford University Press, 2014, ix+306 pp., £55.00. ISBN 978-0-19-968365-9

Pages 591-597 | Published online: 31 Mar 2017
 

Notes

1 The first use of the expression ‘Phillips curve’ is in Routh (Citation1959), the first attempted refutation. Its first use in a textbook is Samuelson (Citation1961).

2 Dow certainly discussed trade-offs on p. 403, though he did not use that phrase. There is also nothing on p. 403 about policy-makers consciousness or otherwise, nor at pp. 355n, 356n where the unemployment-inflation/wages issue was also discussed. Dow is of particular significance as joint author of one of the Phillips competitor papers (Dicks-Mireaux and Dow Citation1959).

3 Blaug and Lloyd (Citation2010) have an excellent entry on the Phillips curve (appropriately by Lipsey, whose Citation1960 paper formularising Phillips (Citation1958) is an important part of the overall story (according to Forder (p. 172) ‘more or less the only early paper that can properly be regarded either as inspired by Phillips or as refining his relation’); Lipsey was at that point an LSE colleague). Curiously, however, they also do not comment on the unusual speed of diffusion.

Log in via your institution

Log in to Taylor & Francis Online

PDF download + Online access

  • 48 hours access to article PDF & online version
  • Article PDF can be downloaded
  • Article PDF can be printed
USD 53.00 Add to cart

Issue Purchase

  • 30 days online access to complete issue
  • Article PDFs can be downloaded
  • Article PDFs can be printed
USD 389.00 Add to cart

* Local tax will be added as applicable

Related Research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.