Tuesday, March 8, 2011

The Most Heavily Cited Macroeconomic Title of the 20th Century

The Journal of Economic Perspectives publishes a retrospective on New Zealand economist Alban William Housego (Bill) Phillips, a remarkable man, who had an extraordinary life and who discovered (or maybe rediscovered after Irving Fisher’s “A Statistical Relation between Unemployment and Price Changes”, The Journal of Political Economy, March-April 1973 reprint of a 1926 article) the famous inflation-unemployment trade-off Curve.

It reads like a novel here (complimentary). 

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