T. C. Koopmans Demolishes the Phillips Curve as a Guide to Policy

12 Feb 2024 Leave a comment

by Jim Rose in business cycles, econometerics, economic history, history of economic thought, macroeconomics, monetary economics

Nobel Laureate T. C. Koopmans wrote one of the most famous economics articles of the twentieth century, “Measurement Without Theory,” a devastating review of an important, and in many ways useful and meritorious, study of business cycles by two of the fathers of empirical business-cycles research, Arthur F. Burns and Wesley C. Mitchell, Measuring Business […]

T. C. Koopmans Demolishes the Phillips Curve as a Guide to Policy

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