The Micro Theory of the Phillips Curve Reconsidered
A Reply to Holmes and Smyth
Bibliographic Data
| ID | 14115805 |
|---|---|
| Authors | Richard G Lipsey (0000-0002-9715-7914, corresponding author) |
| Year | 1974 |
| Volume | 41 |
| Issue | 161 |
| Pages | 62 |
| Publication date | 1974-02-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2553423 |
| OpenAlex | W2088348411 |
| Language | EN |
| Citations received | 2 |
| References cited | 3 |
that the familiar model of demand and supply for labour does not provide a functional relationship between the operational concept of unemployment and excess demand and supply. Hence a relation between the rate of change of money wages and the rate of unemployment cannot be derived from this model and the Lipsey type of theoretical justification for the Phillips curve phenomena is not valid
Econometrics · Economics · Keynesian economics · Mathematical economics · Neoclassical economics · Positive economics · Psychoanalysis · Economic theories and models · Economic Theory and Policy · Philosophy · Political Economy and Marxism · Psychology
| Citations per year | 0.15 |
|---|---|
| Citation span | 2013 - 2013 (1) |
| Highly cited | No |