> I'd like a definition of "rejected".
> E.g., http://scholar.google.com/scholar?q=phillips+curve

The original Samuelson-Solow Phillips curve proposed a stable permanent trade-off between inflation and unemployment, based on the assumption of static expectations. Is there even one economist in the entire woorld today who defends the old Phillips curve? For that matter, is there any evidence of Keynes himself believing anything remotely like this? I know that New Keynesians talk about long run/short run Phillips curves (i.e. they agree with Friedman), but I was responding to the claim that Samuelson type Old Keynesian econ is valid or relevant. It is not.

Doug MacKenzie
Carroll College