The Great Inflation, 1939-1951

1957 ◽  
Vol 23 (3) ◽  
pp. 447 ◽  
Author(s):  
A. E. Safarian ◽  
A. J. Brown
Keyword(s):  
Great Inflation

The Great Inflation

2016 ◽  
pp. 173-196 ◽  
Author(s):  
Stefan Eich ◽  
Adam Tooze
Keyword(s):  
Great Inflation

scholarly journals The Elusive Costs of Inflation: Price Dispersion during the U.S. Great Inflation

2016 ◽  
Author(s):  
Emi Nakamura ◽  
Jón Steinsson ◽  
Patrick Sun ◽  
Daniel Villar
Keyword(s):  
Price Dispersion ◽  
Great Inflation ◽  
The U.S

A. J. BROWN, “PHILLIPS’S CURVE,” AND ECONOMIC NETWORKS IN THE 1950S

2018 ◽  
Vol 40 (2) ◽  
pp. 243-264 ◽  
Author(s):  
Kenneth Button
Keyword(s):  
Wage Rate ◽  
Phillips Curve ◽  
Institutional Structure ◽  
Rate Change ◽  
Economic Networks ◽  
Great Inflation ◽  
The Subject ◽  
The 1950S ◽  
Ordinal Interpretation

This paper examines the role of the English economist Arthur (A. J.) Brown in the 1950s debate surrounding the wage-rate change/unemployment relationship. While the publication of William (Bill) Phillips’s 1958 paper and the subsequent moniker of the “Phillips Curve” attracted a wealth of attention, Brown’s book on the subject, The Great Inflation, and his later work on inflation have received much less. Here, the focus is on redressing this situation somewhat by looking at Brown’s work to see how much it predates Phillips’s paper, and what differences there are to it. We also consider this within the changing institutional structure of English economic networks in the 1950s that led to a relatively rapid acceptance of Phillips’s analysis and, in many cases, to a strong, ordinal interpretation of the Phillips Curve that overshadowed Brown’s work.

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