On today's show, how the Phillips Curve was born, why it went mainstream, and why universal truths remain elusive in macroeconomics. This episode was hosted by Willa Rubin and Nick Fountain, and ...

Monetary policymakers can use the Phillips curve, says Allison Luedtke, professor of economics at St. Olaf College. “If you’re like, ‘I’m really going after unemployment.’ Good.

Every academic discipline has dirty secrets. Those of economics include the fact that some of our best known principles are based on very thin data. The Phillips curve, which is relevant to much of… ...

The curve, which claims to model an inverse relationship between inflation and unemployment, has been disproved a dozen times. Yet it lives on in the minds of the Keynesians who dominate academia ...

For decades, the economics profession has been trying to tell us all just the opposite. They keep shoveling out the dumbest economic concept of all time: the Phillips Curve.

Soon, it gets dubbed the Phillips Curve, and it becomes a foundation of macroeconomics. And over the next several decades, that foundation largely held up, subject to revisions as times changed.

Macroeconomics and the Phillips curve myth. Oxford University Press.” There was a period of low inflation coupled with low unemployment in about two decades leading up to 2020.

Repeat after me, class: Growth does NOT cause inflation. Write it on the blackboard 100 times. For decades, the economics profession has been trying to tell us all just the opposite. They keep ...

The curve got its name from a New Zealand economist named A. William Phillips. In a landmark 1958 paper, he demonstrated an inverse relationship between unemployment and wages.