Alban William Housego Phillips (1914 to 1975), commonly known as A. W. or Bill Phillips, is the man whose name is attached to the Phillips curve, the relationship between the inflation rate and the unemployment rate. His 1958 paper outlined the relationship between changes in money wages and unemployment in Britain between 1861 and 1957 and found a negative relationship between the two. Richard Lipsey later developed the finding into a broader context, and Paul Samuelson and Robert Solow drew policy conclusions from it. New Zealand born, Phillips worked in an Australian mine from the age of sixteen, where he learnt electrical engineering, and emigrated to Britain in 1937.
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Source History of Economic Thought Website: A. W. Phillips profile
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Source History of Economic Thought Website: A. W. Phillips profile
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Source History of Economic Thought Website: A. W. Phillips profileProfile page, birthplaceQuote, Profile page, birthplace
The New Zealand-born Phillips had worked in an Australian mine since he was sixteen, where he learnt electrical engineering; emigrating to Britain in 1937, he was soon involved in World War II and was taken prisoner by the Japanese.
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History of Economic Thought Website: A. W. Phillips profile
History of Economic Thought WebsiteProfile page
Phillips's original study outlined the relationship between wage changes and unemployment between 1861 and 1957.
Associated With School: Keynesian Economics, Profile text
a hydraulic model of the Keynesian economy
In Group: Keynesian and Post-Keynesian Macroeconomists, Profile text
a hydraulic model of the Keynesian economy
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