James Forder
Biographic Data
| ID | 3768477 |
|---|---|
| NAME | James Forder |
| GIVEN NAMES | James |
| FAMILY NAME | Forder |
| SIGNATURE | FORDER J |
| AFFILIATIONS | University of Oxford |
| ORCID | 0000-0001-9222-0956 |
| VERIFIED | Yes |
| TOTAL WORKS | 10 |
| TOTAL CITATIONS | 14 |
| AUTHOR COUNT | 10 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2001 |
| LATEST PUBLICATION YEAR | 2021 |
| H-INDEX | 3 |
Down with High Citation Counts
It is noted that of two papers written by Milton Friedman at about the same time and making very much the same case, one is better than the other on all counts, yet cited far less often. It is suggested that this shows that a high citation count of a paper does not indicate its quality on any reasonable understanding of that characteristic. It is further suggested that the picture is suggestive of the highly-cited paper being cited by some for no…
The Economists' Hour: False Prophets, Free Markets, and the Fracture of Society by Binyamin Appelbaum
Book Review| April 01 2021 The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society by Binyamin Appelbaum The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society. By Appelbaum, Binyamin. New York: Little, Brown and Company, 2019. 448 pp. $18.99. James Forder James Forder Balliol College, Oxford Search for other works by this author on: This Site Google History of Political Economy (2021) 53 (2): 360–…
Textbooks on the Phillips Curve
I consider the representation of theory concerning the relationship between inflation and unemployment, as presented in a sample of economics textbooks from the 1940s to the 1980s. It is argued that they contain nothing to contradict the impression from Forder, Macroeconomics and the Phillips Curve Myth (2014), that the history of the Phillips curve as commonly understood in the 1980s and after is fictitious. Indeed, the study of the textbooks su…
Macroeconomics and the Phillips Curve Myth
This volume 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.
Explaining the Emergence of the Myth
It is noted that the most famous papers of the Phillips curve literature are not typical of it, and that in the 1960s and 1970s the meaning of ‘Phillips curve’ became very confused. It is demonstrated that, by the early 1970s, the origins of the idea of a negative relation of inflation and unemployment, key explanations of low inflation, and the expectations argument were all commonly misdated. These things paved the way for subsequent confusion …
The limits of `independence' and the policy of the ECB
Independence’ and the founding of the Federal Reserve
The Federal Reserve is ‘independent’, but contrary to opinions often expressed, it was not intended by its creators to be free from political control, although others involved in the debate over its establishment hoped that it would be. ‘Independence’ was independence from banking interests, not government. A gradual development of independence preceded a much greater acquisition of power during the Reagan Presidency. The lessons of history inclu…
Dollar‐Deutschemark Polarisation: Comparing The Pound And Franc
The extent to which movements in the sterling and franc bilateral exchange rates are associated with changes in the dollar‐deutschemark exchange rate is measured. In the case of the pound we find, in contrast to the impression that might be gained from previous studies, that its linkage to the dollar has been, since the late 1990s, as high as it was in the late 1970s. In the case of the franc, we find that it has for some time been a powerfully d…
The Theory of Credibility and the Reputation-bias of Policy
The theory of policy credibility has been influential in both the design of monetary policymaking institutions and in the implementation of policy. In particular, the idea that 'reputation' is important has been widely accepted. However, careful attention to the assumptions and implications of the theory reveals many sources of doubt as to its empirical value. First, the theory is implausible and, even if taken seriously, does not point to many o…
Some methodological issues in the statutory characterisation of central banks
Independence’ and the founding of the Federal Reserve
The Federal Reserve is ‘independent’, but contrary to opinions often expressed, it was not intended by its creators to be free from political control, although others involved in the debate over its establishment hoped that it would be. ‘Independence’ was independence from banking interests, not government. A gradual development of independence preceded a much greater acquisition of power during the Reagan Presidency. The lessons of history inclu…
Some methodological issues in the statutory characterisation of central banks
The Theory of Credibility and the Reputation-bias of Policy
The theory of policy credibility has been influential in both the design of monetary policymaking institutions and in the implementation of policy. In particular, the idea that 'reputation' is important has been widely accepted. However, careful attention to the assumptions and implications of the theory reveals many sources of doubt as to its empirical value. First, the theory is implausible and, even if taken seriously, does not point to many o…
The Economists' Hour: False Prophets, Free Markets, and the Fracture of Society by Binyamin Appelbaum
Book Review| April 01 2021 The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society by Binyamin Appelbaum The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society. By Appelbaum, Binyamin. New York: Little, Brown and Company, 2019. 448 pp. $18.99. James Forder James Forder Balliol College, Oxford Search for other works by this author on: This Site Google History of Political Economy (2021) 53 (2): 360–…
Textbooks on the Phillips Curve
I consider the representation of theory concerning the relationship between inflation and unemployment, as presented in a sample of economics textbooks from the 1940s to the 1980s. It is argued that they contain nothing to contradict the impression from Forder, Macroeconomics and the Phillips Curve Myth (2014), that the history of the Phillips curve as commonly understood in the 1980s and after is fictitious. Indeed, the study of the textbooks su…
The Theory of Credibility and the Reputation-bias of Policy
The theory of policy credibility has been influential in both the design of monetary policymaking institutions and in the implementation of policy. In particular, the idea that 'reputation' is important has been widely accepted. However, careful attention to the assumptions and implications of the theory reveals many sources of doubt as to its empirical value. First, the theory is implausible and, even if taken seriously, does not point to many o…
Some methodological issues in the statutory characterisation of central banks
Independence’ and the founding of the Federal Reserve
The Federal Reserve is ‘independent’, but contrary to opinions often expressed, it was not intended by its creators to be free from political control, although others involved in the debate over its establishment hoped that it would be. ‘Independence’ was independence from banking interests, not government. A gradual development of independence preceded a much greater acquisition of power during the Reagan Presidency. The lessons of history inclu…
Dollar‐Deutschemark Polarisation: Comparing The Pound And Franc
The extent to which movements in the sterling and franc bilateral exchange rates are associated with changes in the dollar‐deutschemark exchange rate is measured. In the case of the pound we find, in contrast to the impression that might be gained from previous studies, that its linkage to the dollar has been, since the late 1990s, as high as it was in the late 1970s. In the case of the franc, we find that it has for some time been a powerfully d…
The limits of `independence' and the policy of the ECB
Macroeconomics and the Phillips Curve Myth
This volume 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.
Explaining the Emergence of the Myth
It is noted that the most famous papers of the Phillips curve literature are not typical of it, and that in the 1960s and 1970s the meaning of ‘Phillips curve’ became very confused. It is demonstrated that, by the early 1970s, the origins of the idea of a negative relation of inflation and unemployment, key explanations of low inflation, and the expectations argument were all commonly misdated. These things paved the way for subsequent confusion …
Textbooks on the Phillips Curve
I consider the representation of theory concerning the relationship between inflation and unemployment, as presented in a sample of economics textbooks from the 1940s to the 1980s. It is argued that they contain nothing to contradict the impression from Forder, Macroeconomics and the Phillips Curve Myth (2014), that the history of the Phillips curve as commonly understood in the 1980s and after is fictitious. Indeed, the study of the textbooks su…
Down with High Citation Counts
It is noted that of two papers written by Milton Friedman at about the same time and making very much the same case, one is better than the other on all counts, yet cited far less often. It is suggested that this shows that a high citation count of a paper does not indicate its quality on any reasonable understanding of that characteristic. It is further suggested that the picture is suggestive of the highly-cited paper being cited by some for no…
The Economists' Hour: False Prophets, Free Markets, and the Fracture of Society by Binyamin Appelbaum
Book Review| April 01 2021 The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society by Binyamin Appelbaum The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society. By Appelbaum, Binyamin. New York: Little, Brown and Company, 2019. 448 pp. $18.99. James Forder James Forder Balliol College, Oxford Search for other works by this author on: This Site Google History of Political Economy (2021) 53 (2): 360–…
Economics (8 works) · Law (6 works) · Political science (6 works) · Law (5 works) · Monetary policy (5 works) · Keynesian economics (4 works) · Law and economics (4 works) · Macroeconomics (4 works) · Computer Science (3 works) · Economic Theory and Policy (3 works)