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 far…
Listen to this episode with a 7-day free trial
Subscribe to Building a New Economics to listen to this post and get 7 days of free access to the full post archives.