Blog-Reference and Blog-Reference
The NAIRU Phillips Curve is ― like the consumption function, IS-LM, or, for that matter, supply-demand-equilibrium ― a rather idiotic construct. So, the question of whether the Phillips Curve is dead is as meaningless as how-many-angels-can-dance-on-a-pinpoint. Economists, though, have not grasped it to this day. The question of whether economists are still intellectually dead has an unambiguous answer: YES.
► Right policy depends on true theory
► The end of Mankiw and his Phillips Curve
► NAIRU, wage-led growth, and Samuelson's Dyscalculia
► Keynes’ Employment Function and the Gratuitous Phillips Curve Disaster
► Essentials of Constructive Heterodoxy: Employment
► The Three Fatal Mistakes of Yesterday Economics: Profit, I=S, Employment
► Laying the bastard Phillips Curve to rest
► For details of the big picture see cross-references Employment/Phillips Curve
Egmont Kakarot-Handtke
Related 'Macroeconomics and the vacuous History of Economic Thought' and 'Wikipedia, economics, scientific knowledge, or political agenda pushing?'
► For details of the big picture see cross-references Employment/Phillips Curve
Egmont Kakarot-Handtke
Related 'Macroeconomics and the vacuous History of Economic Thought' and 'Wikipedia, economics, scientific knowledge, or political agenda pushing?'
For more about the Phillips Curve see AXECquery.
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Wikimedia AXEC36b The structural-axiomatic 2-sector Employment Law/Phillips Curve
