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.

James Forder has been a senior teaching member of Oxford University since 1993 and is Andrew Graham Fellow and Tutor in Political Economy at Balliol College Oxford, where he is also Vice Master (Executive). He has taught at La Sorbonne and for Stanford University, and is Managing Editor of Oxford Economic Papers. He has previously researched on European integration and the economics of central bank independence. He was Senior Tutor of the Oxford University Business Economic Programme, and a member of the Council of Business for Sterling, in the days of the debate over British membership of the euro.

• Introduction


• 1: The Curve of Phillips


• 2: The Role of Samuelson and Solow, American Economic Review 1960


• 3: The Phillips Curve Literature before Friedman's Presidential Address


• 4: The Post-1968 Literature


• 5: Attitudes to Inflation


• 6: Policymaking and Histories of Policymaking


• 7: Explaining the Emergence of the Myth


• 8: Conclusions


• Notes


• References


• Index