The Rise and Fall and Fall of Keynesian Economics?

Robert Leeson

The Economic Record, 1994, vol. 70, issue 210, pages 262-66

Abstract: 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 P. Howitt and others, which has not resurrected the trade-off interpretation of Phillips's work. Copyright 1994 by The Economic Society of Australia.

Date: 1994

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