Book contents
- A History of Macroeconomics from Keynes to Lucas and Beyond
- A History of Macroeconomics from Keynes to Lucas and Beyond
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Boxes
- Preface
- Acknowledgements
- Part I Keynes and Keynesian Macroeconomics
- 1 Keynes’s General Theory and the Emergence of Modern Macroeconomics
- 2 Keynesian Macroeconomics: The IS-LM Model
- 3 The Neoclassical Synthesis Program: Klein and Patinkin
- 4 Milton Friedman and the Monetarist Debate
- 5 Phelps and Friedman: The Natural Rate of Unemployment
- 6 Leijonhufvud and Clower
- 7 Non-Walrasian Equilibrium Modeling
- 8 Assessment
- Part II DSGE Macroeconomics
- Part III A Broader Perspective
- Bibliography
- Index
5 - Phelps and Friedman: The Natural Rate of Unemployment
from Part I - Keynes and Keynesian Macroeconomics
Published online by Cambridge University Press: 18 December 2015
- A History of Macroeconomics from Keynes to Lucas and Beyond
- A History of Macroeconomics from Keynes to Lucas and Beyond
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Boxes
- Preface
- Acknowledgements
- Part I Keynes and Keynesian Macroeconomics
- 1 Keynes’s General Theory and the Emergence of Modern Macroeconomics
- 2 Keynesian Macroeconomics: The IS-LM Model
- 3 The Neoclassical Synthesis Program: Klein and Patinkin
- 4 Milton Friedman and the Monetarist Debate
- 5 Phelps and Friedman: The Natural Rate of Unemployment
- 6 Leijonhufvud and Clower
- 7 Non-Walrasian Equilibrium Modeling
- 8 Assessment
- Part II DSGE Macroeconomics
- Part III A Broader Perspective
- Bibliography
- Index
Summary
- Type
- Chapter
- Information
- A History of Macroeconomics from Keynes to Lucas and Beyond , pp. 95 - 111Publisher: Cambridge University PressPrint publication year: 2016