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A. W. H. Phillips : Collected Works in Contemporary Perspective - Robert Leeson

A. W. H. Phillips

Collected Works in Contemporary Perspective

By: Robert Leeson (Editor)

Paperback

Published: 27th October 2011
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Virtually all of contemporary macroeconomics is underpinned by a Phillips curve of one variety or another; yet most of this literature displays a curious neglect of the theoretical dynamic stabilisation perspective provided by A. W. H. Phillips. This 2000 volume collected for the first time the major work of one of the great economists, integrating Phillips's empirical work with his theoretical contribution. In addition to twelve substantive chapters, twenty-nine economists including Lawrence Klein, James Meade, Thomas Sargent, Peter Phillips, David Hendry, William Baumol, Richard Lipsey and Geoffrey Harcourt highlight and interpret Phillips's ongoing influence. This volume also contains six of Phillips's previously unpublished essays, four of which were thought to have been lost. The fifth such essay (Phillips's second empirical Phillips curve) was previously an informal working paper of which few copies circulated, and the sixth essay is a forerunner of the Lucas Critique written by Phillips shortly before his death.

Foreword
Bill Phillips: Some Memories and Reflections
A. W. H. Phillips: an extraordinary life
The versatile genius
To be his colleague was to be his friend
Phillips' adaptive expectations formula
Economist-washing machine fixer
Playing around with some data
The Festchrift
The Phillips Machine
The origins of the machine in a personal context
The Phillips machine as a 'progressive' model
Mechanical models in economic dynamics
The History of the Phillips Machine
Early reactions to Mark I and II
A superb explanatory device
The place of the Phillips machine in the history of computing
Dynamic Stabilisation Optimal Control
The optimal control articles
Stabilisation policy in a closed economy
Stabilisation policy and the time-forms of lagged responses
Arnold Tustin's The Mechanism of Economic Systems: a review
The growth articles
A simple model of employment, money and prices in a growing economy
Employment, inflation and growth
Economic policy and development
The famous Phillips curve article
The relation between unemployment and the rate of change of money wage rates in the United Kingdom, 1861-1957
The Melbourne paper
Wage changes and unemployment in Australia, 1947-1958
Phillips and stabilisation policy as a threat to stability
The Phillips curve in macroeconomics and econometrics
Bill Phillips' contribution to dynamic stabilisation policy
A left Keynesian view of the Phillips curve
Interactions with a fellow research engineer-economist
Does modern econometrics replicate the Phillips curve?
The famous Phillips curve article: a note on its publications
Econometrics Published Papers
The Bill Phillips legacy of continuous time modelling and econometric model design
The published papers
The influence of A. W. Phillips on econometrics
An appreciation of A. W. Phillips
Some notes on the estimation of time-forms of reactions in interdependent dynamic systems
Cybernetics and the regulation of economic systems
The estimation of parameters in systems of stochastic differential equation
Estimation, regulation, and prediction in interdependent dynamic systems
The Walras-Bowley paper
Estimation of systems of difference equations with moving average disturbances
Unpublished Papers
The estimation of continuous time models
Estimation in continuous time series models with autocorrelated disturbances
Efficient fitting of rational spectral density functions
Phillips' Foreshadowing of the Lucas Critique
The Lucas critique: did Phillips make a comparable contribution
Models for the control of economic fluctuations
Statistical estimation for the purpose of economic regulation
The last paper: a foreshadowing of the Lucas critique?
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521168458
ISBN-10: 0521168457
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 534
Published: 27th October 2011
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.9 x 15.2  x 3.0
Weight (kg): 0.78