Sunday , February 23 2025
Home / Thomas Palley: Economics for Democratic and Open Societies / The forgotten case against Milton Friedman: an interview about inflation and the Phillips curve

The forgotten case against Milton Friedman: an interview about inflation and the Phillips curve

Summary:
Milton Friedman revolutionized macroeconomics with his 1967 presidential speech to the American Economics Association (AEA), which presented a theory of the so-called natural rate of unemployment for the first time. That speech, which played a major role in discrediting the brand of Keynesianism that prevailed in postwar liberal economic policy thinking, remains one of the ...

Topics:
tom considers the following as important: , , ,

This could be interesting, too:

John Quiggin writes Dispensing with the US-centric financial system

John Quiggin writes How to dispense with Trump’s US

John Quiggin writes Trump has thrown out the global economic playbook. It’s time for Australia to write its own rules

tom writes Germany’s election & why it is important to understand the Ukraine War

Milton Friedman revolutionized macroeconomics with his 1967 presidential speech to the American Economics Association (AEA), which presented a theory of the so-called natural rate of unemployment for the first time. That speech, which played a major role in discrediting the brand of Keynesianism that prevailed in postwar liberal economic policy thinking, remains one of the […]
About tom

Leave a Reply

Your email address will not be published. Required fields are marked *