Samuelson and Solow on the Phillips Curve and the “Menu of Choice”: A Retrospective
This paper focuses on the seminal contribution to the Phillips curve discussion by Samuelson and Solow in 1960, which is usually considered as the first trade-off interpretation of the Phillips curve. It will be shown that Samuelson and Solow indeed offer a trade-off view but are very sceptical abou...
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| Format: | Article |
| Language: | English |
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Association Œconomia
2013-10-01
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| Series: | Œconomia |
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| Online Access: | http://journals.openedition.org/oeconomia/138 |