This important new book is a critical appraisal of the Phillips Curve, its role within the economics profession and its influence on economic policy making. It is argued that the Phillips Curve has never been well based on either theoretical and empirical grounds. Professor Sawyer questions the reasons for the popularity of the Phillips Curve which has exercised a major influence in discussions of inflation and unemployment. He explores the purposes served by the Phillips Curve both within the economics profession and amongst a wider public.
- ISBN10 185278136X
- ISBN13 9781852781361
- Publish Date 1 January 1992
- Publish Status Cancelled
- Publish Country GB
- Imprint Edward Elgar Publishing Ltd
- Format Hardcover
- Pages 256
- Language English