The rise and fall and fall of Keynesian economics?
Leeson, R. (1994) The rise and fall and fall of Keynesian economics? Economic Record, 70 (210). pp. 262-266.
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This paper examines the argument that Professor Blinder presented to the Bicentennial Australian Conference of Economists, that the Phillips curve is ‘alive and well’. It is argued below that Blinder's conclusion is, at best, unproven. It also highlights The Keynesian Recovery, outlined by Howitt and others, which has not resurrected the trade‐off interpretation of Phillips's work.
|Publication Type:||Journal Article|
|Copyright:||© 1994, Wiley Blackwell|
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