Friedman's nobel lecture and the Phillips curve myth.
In his Nobel lecture, Friedman built on his earlier argument for a “natural rate of unemployment” by painting a picture of an economics profession which, as a result of foolish mistakes, had accepted the Phillips curve as offering a lasting trade-off between inflation and unemployment, and was there...
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| Format: | Journal article |
| Language: | English |
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Cambridge University Press
2010
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