Chris Dillow — What Phillips curve?

Economists have recently been abandoning once-core concepts in macroeconomics such as the money multiplier and IS-LM model. This week's figures remind me of something I'd also throw on the bonfire - the Phillips curve.

Bill Mitchell and Joan Muysken have already done that in Full Employment Abandoned: Shifting Sands and Policy Failures (Elgar, 2008).

Stumbling and Mumbling
What Phillips curve?
Chris Dillow | Investors Chronicle