Unsurprisingly, Furman’s association of Milton Friedman with the Phillips Curve had Friedman’s disciples worked up, including Steve Hanke and John Greenwood. In a letter to the editor ...

Way back in 1958, economist William Phillips made an interesting observation ... and inflation both went up. And economist Milton Friedman went so far as to state that the inverse relationship ...

He says Milton Friedman used some of Phillips' original insights to develop the role of inflation expectations and discredit the Phillips Curve. Furthermore, Phillips' poor health, in part a ...

This view, labeled the Phillips Curve, after Professor Alban Phillips of Cambridge ... a fellow Nobel laureate with whom he did have dinner, since he became Milton and Rose Friedman’s best friend.) By ...

The continued respect for the Phillips Curve is misplaced. It should have been confined to the policy dustbin long ago. Several Nobel Prize winning-economists, including Milton Friedman ...

A popular story promoted by Monetarist School thinkers is the one about Milton Friedman discrediting the Phillips Curve. For those not familiar with the latter, it’s the incorrect theory ...

When Milton Friedman stepped forward on December 10 ... This was heresy to the Keynesians. The "Phillips Curve" supposedly showed that the government could manipulate a tradeoff between ...

Inflation and Unemployment Source: Watson and Stark "Phillips Curve Inflation Forecasts"In the 1960s Milton Friedman and Edmund Phelps refined the concept further: in the long run, unemployment ...

Milton Friedman, one of the leading economic voices ... he was challenging prevailing economic theories based on the Phillips curve, an economic model that demonstrated an historical correlation ...

So the Phillips Curve is bogus? Well ... His theory has been tweaked by everyone from Paul Samuelson to Milton Friedman, and what we have now is a rule of thumb (i.e. not a strictly accurate ...

The Phillips curve is not important to the story told ... of it that gained currency in the 19th and 20th centuries. Milton Friedman was among the cherry-pickers, and his work certainly invites ...