A Left Keynesian View of the Phillips Curve Trade-Off

Geoffrey Harcourt

Chapter 13 in 50 Years a Keynesian and Other Essays, 2001, pp 183-187 from Palgrave Macmillan

Abstract: Abstract I only met Bill Phillips four times. The first time was in the mid-1950s when he was the selected ‘heavy’ of the host economics department (LSE) who spoke at the Cambridge-London-Oxford research students seminar. As far as I can remember he gave a paper on feedback mechanisms in Marshallian supply and demand analysis. It was refreshingly lacking in respect for Marshall in particular and economists in general. Not that he was a show-off, it was just that he said what he thought and backed up any critique with hard-headed analysis of the sort he was accustomed to use for engineering problems. That was one of his greatest strengths.

Keywords: Monetary Policy; Phillips Curve; Income Policy; Money Wage; Contemporary Perspective (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52331-9_13

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DOI: 10.1057/9780230523319_13

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