What was the message of Friedman’s Presidential Address to the American Economic Association?
It is widely accepted that the importance of Friedman’s Presidential Address to the American Economic Association lies in its criticism of policy based on the Phillips curve. However, it is argued here that a reading of the text does not support such a view, and this and other considerations suggest...
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| Format: | Journal article |
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Oxford University Press
2017
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| _version_ | 1826275118571061248 |
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| author | Forder, J |
| author_facet | Forder, J |
| author_sort | Forder, J |
| collection | OXFORD |
| description | It is widely accepted that the importance of Friedman’s Presidential Address to the American Economic Association lies in its criticism of policy based on the Phillips curve. However, it is argued here that a reading of the text does not support such a view, and this and other considerations suggest that any such aim was far from Friedman’s mind in 1967. His objective was the quite different one of making a case for policy ‘rules’ rather than ‘discretion’. |
| first_indexed | 2024-03-06T22:53:50Z |
| format | Journal article |
| id | oxford-uuid:5fb5f418-d316-4a11-8dd6-b20c39236ac3 |
| institution | University of Oxford |
| last_indexed | 2024-03-06T22:53:50Z |
| publishDate | 2017 |
| publisher | Oxford University Press |
| record_format | dspace |
| spelling | oxford-uuid:5fb5f418-d316-4a11-8dd6-b20c39236ac32022-03-26T17:48:38ZWhat was the message of Friedman’s Presidential Address to the American Economic Association?Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:5fb5f418-d316-4a11-8dd6-b20c39236ac3Symplectic Elements at OxfordOxford University Press2017Forder, JIt is widely accepted that the importance of Friedman’s Presidential Address to the American Economic Association lies in its criticism of policy based on the Phillips curve. However, it is argued here that a reading of the text does not support such a view, and this and other considerations suggest that any such aim was far from Friedman’s mind in 1967. His objective was the quite different one of making a case for policy ‘rules’ rather than ‘discretion’. |
| spellingShingle | Forder, J What was the message of Friedman’s Presidential Address to the American Economic Association? |
| title | What was the message of Friedman’s Presidential Address to the American Economic Association? |
| title_full | What was the message of Friedman’s Presidential Address to the American Economic Association? |
| title_fullStr | What was the message of Friedman’s Presidential Address to the American Economic Association? |
| title_full_unstemmed | What was the message of Friedman’s Presidential Address to the American Economic Association? |
| title_short | What was the message of Friedman’s Presidential Address to the American Economic Association? |
| title_sort | what was the message of friedman s presidential address to the american economic association |
| work_keys_str_mv | AT forderj whatwasthemessageoffriedmanspresidentialaddresstotheamericaneconomicassociation |