Macroeconomics and the Phillips Curve Myth by James Forder

Over the last few years, James Forder has made a name for himself among historians of economics by writing a series of papers reexamining the Phillips curve literature. The task he sets himself in the present book, entitled Macroeconomics and the Phillips Curve Myth, is to systematize and enrich his earlier contributions. The end result is a brilliant and beautifully written essay, and a stimulating read. Its author’s cleverness shines through on every page. Its scholarship is impeccable. Forder seems to leave no stone unturned (I shall argue that there is actually one big stone which he has forgotten to upturn). The literature covered is impressive. To 228 pages of text correspond 30 pages of notes and 47 of references

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• Macroeconomics and the Phillips Curve Myth

  James Forder•Macroeconomics and the Phillips…•2014

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• A History of Macroeconomics from Keynes to Lucas and Beyond

  Open Access•Michel De Vroey•History of Macroeconomics from…•2016

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• The Science of Monetary Policy

  Richard H Clarida, Richard Clarida et al.•Journal of Economic Literature•1999

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• Expectations and the neutrality of money

  Open Access•Robert E Lucas•Journal of Economic Theory•1972

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• "Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule

  Thomas J Sargent, Neil Wallace•Journal of Political Economy•1975

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• Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule

  Stanley Fischer•Journal of Political Economy•1977

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• Nobel Lecture

  Milton Friedman•Journal of Political Economy•1977

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