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Richard G. Lipsey

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Richard G. Lipsey

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Richard G. Lipsey

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Richard G. Lipsey

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Richard G. Lipsey

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Richard G. Lipsey

Advocates of green-growth policies and those who advocate policies to stop growth both accept that the world faces serious environmental problems. They disagree on and debate about appropriate remedies. Green-growth advocates argue that it is possible to create a green economy compatible with sustained growth. The no-growth advocates argue that the whole growth process must be stopped if the planet is to be saved from catastrophe. This chapter argues that choosing the optimal policy for dealing with these serious problems does not require deciding which group is right. Instead it is argued that the optimal policy is to act as if the green-growth advocates are right and only if their policies are shown to be inadequate by their failure to do anything like the whole job, should no-growth policies be attempted.

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Richard G. Lipsey and William Scarth

This authoritative research review provides a comprehensive anthology of many of the most important and influential articles written since the publication of Phillips’ 1958 study – the most-cited macroeconomic paper published in the 20th century. The papers evaluate the original contribution and place it in its historical context. The works also discuss the strengths and weaknesses of the New Classical critique and the expectations augmented Phillips Curve that resulted from it, and critique the part played by the ‘New Keynesian Phillips Curve’ in the New neo-Classical Synthesis that has emerged in macroeconomics. This indispensable review will be of immense value to students, scholars and practitioners interested in the field of economics, and the Phillips Curve in particular.
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Richard G. Lipsey and William Scarth

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Richard G. Lipsey and William Scarth