Alban William Phillips (1914 mars 1975) fut un influent économiste néo zélandais au milieu du vingtième siècle. At the outbreak of World War II, Phillips joined the Royal Air Force and was sent to Singapore. Bill left Tuai in 1935 and embarked on what is often considered a rite of passage by many young New Zealanders. growth and unemployment, the 1948-1957 period, yielded a clockwise trajectory while the Artificially hiking the rate of inflation initially causes unemployment to decrease but it also creates an ‘expectation’ of having to pay more for goods and services. Picture © C. Williams. Soon after the publication of Phillips' paper, the idea that there was a trade-off between a strong economy and low inflation caught the imagination of academic economists and policy-makers alike. Robert Solow (1960) took Lipsey's version and ran to the policy Quiggin, John (2010) Zombie Economics: How Dead Ideas Still Walk among Us. and time series techniques in their application to econometrics.

Most economists are aware of Bill Phillips and in particular, the famous or infamous curve named in his honour. Macroeconomics.

But neither of these exploits is the reason why Phillips is known to every economist today.

Would you like Wikipedia to always look as professional and up-to-date? They lived in a modest home which was built by Harold and extended periodically to accommodate subsequent generations of family.

Phillips was born at Te Rehunga near Dannevirke, New Zealand, to Harold Housego Phillips, a dairy farmer, and his wife, Edith Webber, a schoolteacher and postmistress. by the Japanese. Little is known about his time in London, other than he took up part-time study and also became a fluent speaker of Russian courtesy of the Russian couple. He attended high school in Sydney and later began a colourful working career, firstly as a shipping agent and then as a private investigator for a small company in Sydney’s Eastern suburbs. Inflationary Expectations, and the Unemployment-Reducing Inflationary Trade-Off" He made several other notable contributions to economics, particularly relating to stabilization policy. Ibbotson-Somerville, Carol (1994) As the Twig is Bent: Personal Thoughts, Memories and Reported Experiences of My Brother.

He also designed and built the MONIAC hydraulic economics computer in 1949. Economist David Laidler, who had been eating with him at a Chinese restaurant in Chicago, recalled how Bill suddenly started speaking to staff in Chinese; “We went out to a Chinese restaurant after his lecture in Chicago… and to our surprise, Bill began to chat up the waiters in what sounded to us like fluent Cantonese. Friedman in his reply appeared to take exception; “Heaven preserve us if Chicago should not offer as hospitable an environment for theoretical as to empirical research and conversely”.

eventful a life beforehand to find them amusing.


16, No. When Singapore fell, he escaped on the troopship Empire State, which came under attack before safely arriving in Java. Image used with permission from the niece of A.W.H Phillips. Barr, Nicholas (2004) Phillips, Alban William Housego (1914–1975), economist.

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