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Friedman’s Presidential Address to the American Economic Association (1968) is not about expectations and the Phillips curve

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14 December 2016

1:00 - 2:00pm4.04/4.08 Bancroft Building

Abstract

The intentions of Friedman’s (1968) Presidential Address are reconsidered. The text, drafts of it, Friedman’s discussions of the same issues before 1968, and after that date, and his own references to the 1968 paper are considered. They all suggest the interpretation of the paper as an attack on policy based on the Phillips curve is fundamentally flawed. Friedman was not pursuing any such goal. Rather, the paper was about rules and discretion, and the Phillips curve is only barely relevant.

Guest Speakers

Dr James Forder from Balliol College, University of Oxford.

The seminar will be hosted by Professor Sushanta Mallick, School of Business and Management, QMUL.

Register

If you would like to attend the seminar, please email Alicia George: alicia.george@qmul.ac.uk.

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