Mathematics and The Phillips Curve
There are at least two different mathematical derivations of the Phillips curve. First, there is the traditional or Keynesian version. Then, there is the new Classical version associated with Robert E. Lucas, Jr..
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Famous quotes containing the words phillips and/or curve:
“Hollywood is a place that attracts people with massive holes in their souls.”
—Julia Phillips (b. 1945)
“In philosophical inquiry, the human spirit, imitating the movement of the stars, must follow a curve which brings it back to its point of departure. To conclude is to close a circle.”
—Charles Baudelaire (1821–1867)
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