Retrospectives

Half a century ago, Economica published what its webpage claims is "the most heavily cited macroeconomics title of the 20th century"-the paper by A. W. H. "Bill" Phillips (1958) that introduced the Phillips curve. Based on admittedly circumstantial evidence, I will argue that Bill Phillips was not satisfied with the paper and had not intended to publish it in 1958. I believe that Phillips was persuaded to allow his paper to be published in 1958 by James Meade. After a brief overview of Phillips' early life and career, I attempt to show why Phillips was probably unhappy with the paper that introduced the curve that came to be identified with his name and how, nevertheless, it came to be published

Circumstantial evidence · Economics · Keynesian economics · Monetary policy · Phillips curve · Political science · Publication · Computer Science · Economic Theory and Institutions · Economic Theory and Policy · Law · Monetary Policy and Economic Impact

• Revisiting the Phillips Curve

  Open Access•Hoang‐Phuong Do, Aris Spanos•Oxford Bulletin of Economics and…•2024

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• The changing relationship between inflation and the economic cycle in Italy

  Open Access•Alberto Baffigi, Maria Elena Bontempi et al.•Explorations in Economic History•2015

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• A Few Hares to Chase

  Susan Howson•History of Political Economy•2017

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• Price Stability and the Origins and Early Influence of the Phillips Curve on British Policy Debates

  Carlo Cristiano, Paolo Paesani•History of Political Economy•2018

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• Some Notes on the Estimation of Time-Forms of Reactions in Interdependent Dynamic Systems

  Allyn W Phillips•Economica•1956

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• The Relation between Unemployment and the Rate of Change of Money Wage Rates

  Guy Routh•Economica•1959

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• Theory of Economic Dynamics

  A W Phillips, M Kalecki•Economica•1954

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• The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1862-1957

  Richard G Lipsey•Economica•1960

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• Employment, Inflation and Growth 1

  Open Access•Allyn W Phillips•Economica•1962

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• The Relation Between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957 1

  Open Access•Allyn W Phillips•Economica•1958

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• Economic Survey of Europe in 1953

  H Makower•Economica•1954

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• The Original Phillips Curve Estimates

  Christopher L Gilbert•Economica•1976

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• Mechanical Models in Economic Dynamics

  Allyn W Phillips•Economica•1950

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• Stabilisation Policy in a Closed Economy

  Allyn W Phillips•The Economic Journal•1954

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• The Mechanism of Economic Systems--An Approach to the Problems of Economic Stabilisation from the Point of View of Control-System Engineering

  A W Phillips, Arnold Tustin•The Economic Journal•1954

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• Stationary Wage-Rates

  George H Wood•The Economic Journal•1901

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• Stabilisation Policy and the Time-Forms of Lagged Responses

  Allyn W Phillips•The Economic Journal•1957

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• Two Econometric Replications

  Nancy J Wulwick•History of Political Economy•1996

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