Fun Casino Hire Library

Macroeconomics

A. W. H. Phillips: Collected Works in Contemporary by Robert Leeson

By Robert Leeson

Almost all of latest macroeconomics is underpinned via a Phillips curve of 1 sort or one other, and this quantity collects for the 1st time the main works of 1 of the good economists. as well as twelve sizeable items, twenty-nine economists together with Lawrence Klein, James Meade, Thomas Sargent, Peter Phillips, David Hendry, William Baumol, Richard Lipsey and Geoffrey Harcourt spotlight and interpret Phillips' ongoing impact. This quantity additionally includes six of Phillips' formerly unpublished essays, 4 of which have been lengthy suggestion to were misplaced.

Show description

Read or Download A. W. H. Phillips: Collected Works in Contemporary Perspective PDF

Best macroeconomics books

Demography and the Economy (National Bureau of Economic Research Conference Report)

Demographics is an important box of research for knowing social and monetary switch and it has attracted awareness lately as issues have grown over the getting older populations of constructed international locations. Demographic reviews help in making feel of key elements of the economic climate, supplying perception into developments in fertility, mortality, immigration, and hard work strength participation, in addition to age, gender, and race particular tendencies in overall healthiness and incapacity.

Latin American Economic Development

Latin the United States is likely one of the finest elements of the realm. The region’s illustrious historical past, tradition, and geography are well-known across the world, yet when it comes to economics, Latin the US has been usually linked to difficulties. for plenty of, the mix of a source wealthy sector and bad financial stipulations has been a puzzle.

Macroeconomics (Third Edition)

Teaches scholars how macroeconomics is studied and utilized within the twenty first century. Macroeconomics is the 1st textual content to actually replicate today’s macroeconomy. during this teachable, coherent ebook, the writer makes advanced themes simply comprehensible for undergraduates and combines leading edge therapy of either the fast run and the long term with a robust emphasis on challenge fixing.

Additional info for A. W. H. Phillips: Collected Works in Contemporary Perspective

Example text

Phillips: An Extraordinary Life 17 shortly after morning tea, Phillips collapsed in the Economic History of®ce having suffered a massive stroke (correspondence from Graeme Snooks; conversation with Herb Grubel). For Phillips' discussion of in¯ationary expectations, see Cagan (chapter 4) and Phillips (chapter 16). 24 Richard Lipsey noted that `Phillips himself was interested only in analysing the potentially destabilising effects of ®ne tuning' (1981, 557, n. 16); ` . . He had no tolerance for accepting in¯ation as a price of reducing unemployment' (correspondence).

He also understood the machine better than anybody else that I have met. Once in the late 1980s I had the privilege of watching the machine in operation with Meade, and asking him about it as the water was going round. 3 How should we now think of the Phillips Machine? The chapters in part II of this volume make it clear that it was an extraordinarily clever physical device. But these chapters do not address my question because they are quite consistent with a merely `gee-whiz' evaluation of the machine as an historical curiosum: an analogue computer running on water, superseded by serious computer models; a model of a (perhaps outdated) Keynesian way of thinking about the economy, of no particular interest to students ± or researchers ± any longer.

19 It was this frame of mind which he brought to macroeconomics and which so much impressed his colleagues: `Bill Phillips was, and indeed is, a hero to me' (correspondence from Chris Archibald). During the 1960s the macroeconomic consensus was breaking down and `popularised' versions of Phillips' empirical work became pivotal to the controversy between monetarists and Keynesians. Mark Blaug (1980, 221) described this as `one of the most frustrating and irritating controversies in the entire history of economic thought, frequently resembling medieval disputations at their worst'.

Download PDF sample

Rated 4.89 of 5 – based on 9 votes