Should-Read: Richard Lipsey: The Phillips Curve and an Assumed Unique Macroeconomic Equilibrium in Historical Context: “So we seem to have gone full circle from the early Keynesian view… …in which there was no unique level of GDP to which the economy was inevitably drawn, through a simple Phillips curve with its implied trade-0ff, to an … Continue reading Should-Read: Richard Lipsey: The Phillips Curve and an Assumed Unique Macroeconomic Equilibrium in Historical Contex