Description: Reconsiders the role of the Phillips curve in macroeconomic analysis in the first twenty years following the famous work by A W H Phillips, after whom it is named.
Review Quotes: "James Forder successfully convinces the reader of many points, which indeed should force the current state of the inflation-unemployment literature to treat the formation of the story more carefully ... Forder does an excellent job of highlighting Phillips' key contributions." -- EH.Net
"This highly original book overturns decades of wrong thinking about the history of one of the central concepts in modern macroeconomics and provides an excellent starting point for rethinking the history of macroeconomics since the Second World War." - Professor Roger Backhouse, FBA, University of Birmingham and Erasmus University Rotterdam"Over the last few years, James Forder has made a name for himself among historians of economics by writing a string of papers reexamining the Phillips curve literature . . . a brilliant and beautifully written essay, and a stimulating read. Its author s cleverness shines through on every page. Its scholarship is impeccable." - Professor Michel de Vroey, Université catholique de Louvain"...the book is also a call to arms. A bogus story about Keynesian fools and Friedmanite heroes has long lent rhetorical support to the counter-revolution in macroeconomics. - Dr Michael Beggs, The University of Sydney"After Forder s book no fair-minded observer will be able again to assert that the common story of the Phillips curve is what really happened. It is rare that a historical question is so decisively settled." - Professor Kevin Hoover, Duke University