Season 1 · Episode 330
Bill Phillips & His Curve
Who was Bill Phillips and why have central banks embraced the Phillips curve. Steve Keen explains all on this week’s Debunking Economics podcast.
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
December 21, 202230m 4s
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Show Notes
Bill Phillips, rightly or wrongly, has a lot to answer for, because his work is drawn on by central banks when trying to determine the likely rate of inflation. But are they misinterpreting his theories? This week Steve Keen explains why there’s more to the Phillips curve than most people understand. There’s also a lot behind the man, from life on a farm in New Zealand, to engineering a radio in secret in a Japanese Prisoner of War camp. Listen in to hear the story of the man behind the infamous Phillips curve.
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