Vedi metadata
I METADATI DI QUESTO DOI SONO STATI AGGIORNATI IL: 2024-02-23 09:31
Cite as
-
Titolo completo
HISTORY OF ECONOMIC THOUGHT AND POLICY
-
Editore
FrancoAngeli
-
ISSN
2240-9971 (Rivista Stampata)
2280-188X (Rivista Online)
-
Numero del fascicolo
2
-
Designazione del fascicolo
2
-
Data del fascicolo
2023
-
Titolo completo
Richard Lipsey and the "Tyranny" of a Unique Labour Market Equilibrium
-
Di (autore)
-
Prima Pagina
5
-
Ultima Pagina
29
-
Lingua del testo
Inglese
-
Data di publicazione
2024/01
-
Copyright
2023 FrancoAngeli srl
Descrizione principale
The article discusses Richard Lipsey's (2000a, 2000b, 2010, 2016) criticism of the uniqueness of the macroeconomic equilibrium at constant inflation postulated by new-classical macroeconomic models. Lipsey's position is analysed in the light of his early contribution to the debate on the Phillips curve (Lipsey 1960). There, as later, Lipsey's argument rests on the assumption that the labour market, though characterised by a unique demand-and-supply equilibrium, may persist in disequilibria in the long run. Such proposition is discussed critically. Lipsey's analysis can be seen as a clear expression of the fundamental theoretical difficulty in reconciling Keynesian macroeconomic analysis with the neoclassical postulates.
Elenco citazioni del
10.3280/SPE2023-002001
Citazione non strutturata
Archibald G.C. (1969). The Phillips Curve and the Distribution of Unemployment, American Economic Review, 59: 124-134.
Citazione non strutturata
Ball L., Mankiw N.G. (2002). The NAIRU in Theory and Practice, Journal of Economic Perspectives, 16(4): 115-136.
https://doi.org/10.1257/089533002320951000
Citazione non strutturata
Beveridge W. (1936). An Analysis of Unemployment, Economica, 3(12): 357-386.
https://doi.org/10.2307/2549244
Citazione non strutturata
Blanchard O.J., Summers L.H. (1986). Hysteresis and the European unemployment problem, NBER macroeconomics annual, 1: 15-78.
https://doi.org/10.1086/654013
Citazione non strutturata
Blanchard O.J. (2009). The State of Macro, NBER Working Paper 14259. Bronfenbrenner M., Holzman F.D. (1963). Survey of Inflation Theory, American Economic Review, 53(4): 593-661.
Citazione non strutturata
Carlin W., Soskice D.W. (1990). Macroeconomics and the Wage Bargain: A Modern Approach to Employment, Inflation, and the Exchange Rate, Oxford University Press.
Citazione non strutturata
Clower R.W. (1965). The Keynesian Counter-Revolution: A Theoretical Appraisal. In F.H. Hahn and F. Brechling (eds.). The Theory of Interest Rates, Macmillan.
Citazione non strutturata
Corry B., Laidler D. (1967). The Phillips Relation: A Theoretical Explanation, Economica, 34: 189-197.
https://doi.org/10.2307/2552484
Citazione non strutturata
Cristiano C., Paesani P. (2018). Price Stability and the Origins and Early Influence of the Phillips Curve on British Policy
Debates, History of Political Economy, 50(3): 483-509.
https://doi.org/10.1215/00182702-6608917
Citazione non strutturata
Desai M. (1975). The Phillips Curve: A Revisionist Interpretation, Economica, 42: 1-19.
https://doi.org/10.2307/2552982
Citazione non strutturata
Forder J. (2010). The L-shaped aggregate supply curve and the future of macroeconomics, University of Oxford, Department of
Economics Discussion Paper Series, 486. Forder J. (2014). Macroeconomics and the Phillips Curve Myth, Oxford University Press.
https://doi.org/10.1093/acprof:oso/9780199683659.001.0001
Citazione non strutturata
Friedman M. (1968). The Role of Monetary Policy, American Economic Review, 58: 1-17.
Citazione non strutturata
Friedman M. (1976). Price Theory, Chicago, Aldine.
https://doi.org/10.1515/9783112417522
Citazione non strutturata
Hansen B. (1951). A Study in the Theory of Inflation, London, Allen & Unwin. Harcourt G.C. (2000). A Left Keynesian view of the Phillips Curve trade-off. In Leeson (ed., 2000).
Citazione non strutturata
Holmes J.M., Smyth D.J. (1970). The Relation between Unemployment and Excess Demand for Labour: An Examination of the Theory
of the Phillips Curve, Economica, 37(147): 311-315.
https://doi.org/10.2307/2551977
Citazione non strutturata
Keynes J.M. (1936). The General Theory of Employment, Interest and Money, London, Macmillan, 1973.
Citazione non strutturata
Keynes J.M. (1939). Relative Movements of Real Wages and Output, Economic Journal, 49(193): 34-51
https://doi.org/10.2307/2225182
Citazione non strutturata
Layard R., Nickell S., Jackman R. (1991). Unemployment: Macroeconomic Performance and the Labour Market, Oxford University Press.
Citazione non strutturata
Leeson R. (1994). Some Misunderstandings Concerning the Contributions Made by
https://doi.org/10.1080/10370196.1994.11733172
Citazione non strutturata
A.W.H. Phillips, R.G. Lipsey to the Inflation-Unemployment Literature, History of Economics Review, 22(1): 70-82.
Citazione non strutturata
Leeson R. (1997). The Trade-Off Interpretation of Phillips’s Dynamic Stabilization Exercise, Economica, 64(253): 155-171
https://doi.org/10.1111/1468-0335.00069
Citazione non strutturata
Leeson R. (ed., 2000). A.W.H. Phillips: Collected Works in Contemporary Perspective, Cambridge: Cambridge University Press.
https://doi.org/10.1017/CBO9780511521980
Citazione non strutturata
Leijonhufvud A. (1967). Keynes and the Keynesians: A Suggested Interpretation, American Economic Review, 57(2): 401-410.
Citazione non strutturata
Levrero E.S. (2012). Unemployment, wage rates inflexibility and the notion of free competition in the labour market. In Four Lecturers on Wages and the Labour Market. Aracne.
Citazione non strutturata
Lipsey R.G. (1960). The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1862-1957:
A Further Analysis, Economica, 27: 1-31.
https://doi.org/10.2307/2551424
Citazione non strutturata
Lipsey R.G. (1974). The Micro Theory of the Phillips Curve Reconsidered: A Reply to Holmes and Smyth, Economica, 41(161):
62-70.
https://doi.org/10.2307/2553423
Citazione non strutturata
Lipsey R.G. (1978). The Place of the Phillips Curve in Macroeconomic Models. In
Citazione non strutturata
A. R. Bergstrom et al. (edited by), Stability and Inflation, 49-76, Wiley.
Citazione non strutturata
Lipsey R.G. (2000a). IS-LM, Keynesianism and the New Classicism. In R. E. Backhouse and A. Salanti (eds.), Macroeconomics
and the Real World. Volume 2. Keynesian Economics, Unemployment, and Policy. Oxford, Oxford University Press, 57-82 .
https://doi.org/10.1093/oso/9780198297963.003.0004
Citazione non strutturata
Lipsey R.G. (2000b). The famous Phillips Curve article. In Leeson (ed.), A.W.H. Phillips: Collected Works in Contemporary
Perspective, Cambridge University Press.
https://doi.org/10.1017/CBO9780511521980.026
Citazione non strutturata
Lipsey R.G. (2000b). The Famous Phillips Curve Article. In Leeson (ed. 2000), 23242.
https://doi.org/10.1017/CBO9780511521980.026
Citazione non strutturata
Lipsey R.G. (2010). The Phillips Curve, in Famous Figures and Diagrams in Economics, edited by M. Blaug and P. Lloyd, Cheltenham:
Edward Elgar, 377-392. Lipsey R.G. (2016). The Phillips Curve and an Assumed Unique Macroeconomic Equilibrium in Historical
Context, Journal of the History of Economic Thought, 38(4): 415-29.
https://doi.org/10.1017/S1053837215000863
Citazione non strutturata
Lipsey R.G., Scarth W. (2011). The History, Significance and Policy Context of the Phillips Curve. In R. G. Lipsey and W.
Scarth (eds.), Inflation and Unemployment: The Evolution of the Phillips Curve. Vol. 1. Cheltenham, Elgar.
https://doi.org/10.4337/9781784712747
Citazione non strutturata
Lucas R.E. Jr., Sargent T.J. (1979). After Keynesian Macroeconomics, Federal Reserve Bank of Minneapolis Quarterly Review,
3(2): 1-16.
https://doi.org/10.21034/qr.321
Citazione non strutturata
Phillips A.W. (1954). Stabilisation Policy in a Closed Economy, Economic Journal, 64: 290-323.
https://doi.org/10.2307/2226835
Citazione non strutturata
Phillips A.W. (1958). The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom,
1861-1957, Economica, 25: 283299.
https://doi.org/10.2307/2550759
Citazione non strutturata
Rothschild K.W. (1971). The Phillips curve and all that, Scottish Journal of Political Economy, 18: 245-280.
https://doi.org/10.1111/j.1467-9485.1971.tb00991.x
Citazione non strutturata
Samuelson P.A., Solow R.M. (1960). Analytical Aspects of Anti-Inflation Policy, American Economic Review, 50: 177-194.
Citazione non strutturata
Santomero A.M., Seater J.J. (1978). The Inflation-Unemployment Trade-Off: A Critique of the Literature, Journal of Economic Literature, 16: 499-544.
Citazione non strutturata
Schwarzer J. (2018). Retrospectives Cost-Push and Demand-Pull Inflation: Milton Friedman and the “Cruel Dilemma”, Journal
of Economic Perspectives, 32(1): 195-210
https://doi.org/10.1257/jep.32.1.195
Citazione non strutturata
Schwarzer J.A. (2012). A. W. Phillips and His Curve: Stabilisation Policies, Inflation Expectations and the ‘Menu of Choice’,
European Journal of the History of Economic Thought 19: 976-1003
https://doi.org/10.1080/09672567.2012.735686
Citazione non strutturata
Snowdon B., Vane H., Wynarczyk P. (1994), A Modern Guide to Macroeconomics: An Introduction to Competing Schools of Thought, Elgar.
Citazione non strutturata
Tobin J. (1972). Inflation and Unemployment, American Economic Review, 62: 118.
Citazione non strutturata
Trevithick J.A. (1976). Money Wage Inflexibility and the Keynesian Labour Supply Function, Economic Journal, 86(342): 327-332.
https://doi.org/10.2307/2230752