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Subject:
Re: Critiques of Keynesian Economics and the Stimulus
From:
Alan G Isaac <[log in to unmask]>
Reply To:
Societies for the History of Economics <[log in to unmask]>
Date:
Sun, 13 Apr 2014 11:07:02 -0400
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On 4/12/2014 11:57 PM, Robert Leeson wrote:
> Friedman's (1953) clear statement about contemporary notions of a Phillips curve trade-off


That's what I'm asking for.  A clear statement from
Friedman (1953) that he accepted an inflation/unemployment trade-off.
Can you provide a quote?

Just to be clear, I am not doubting these ideas were floating about.  E.g.,
http://richmondfed.org/publications/research/economic_review/1985/pdf/er710502.pdf

Thanks,
Alan Isaac

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