Inflation and Unemployment: The Evolution of the Phillips Curve
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Inflation and Unemployment: The Evolution of the Phillips Curve

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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About this Research Review

Richard G. Lipsey and William Scarth

About Elgar Research Reviews

Elgar Research Reviews consist of two principal components: a scholarly Review Article and a list of Recommended Readings.

The Review Article prepared by a leading scholar introduces the relevant field of academic study by making reference to the seminal and most transformative articles within that field. This piece sets in context the readings that follow, illustrating how they have shaped the scholarship and why they are important to the development of the field. The Recommended Readings have full references to facilitate further research.

Using the reference links provided

If your library has provided their library link resolver location then we have included a hyperlink under each reference to allow you to search for the article in your library catalogue.

There is also a link to search for each reading in Google Scholar, providing you with an alternative route to find the article on the original publisher’s site and to help you identify similar papers.

Finding a print version of the recommended readings

A print edition of this resource, which also includes the full text of the Recommended Readings in their original layout is available as a single print work, Inflation and Unemployment: The Evolution of the Phillips Curve: Volumes I, II & III, edited by Richard G. Lipsey and William Scarth (ISBN 978 1 84376 940 8). Use the Find This Book In Your Library button at the top of this page to see if it is available in your library. (The button only appears if your library has provided their link resolver details.)