1. The relationship of prices, wages production, and productivity in the UK, the US, and
Germany, is set out in Table I. The most striking feature of post-war development is the …

TWICE during the past fifteen years this section has been addressed by its president on
inflation; in 1953 Professor Paish talked about the then very topical problem of open versus …

Employment, Inflation and Growth Page 1 1962] Employment, Inflation and Growth' By AW
PHILLIPS 1. INTRODUCTION Since the end of the second world war economic policy and …

This note attempts to clarify the relation between Keynesian short-run theories of the
determination of changes in incomes and employ-ment by variations in effective demand …

WHEN I caused myself to be billed to talk on the subject of Inflation and the British Economy,
I had not, as so often happens, given much thought to the precise interpretation which I …

(1) This paper is a statistical analysis of cost and price changes since the war, and tries to
explain why prices rose.(2) Part I presents estimates of the price (average value) of total final …

Inflation may be defined as a condition in which the national money income is rising faster
than the national real income. The most general cause of a rise in national real income is an …

THB trend in productivity, real output, and real income in most countries of the world in the
years since the Second World War has been fairly steadily upwards, with widely varying …

We have argued that the average level of prices is influenced not only by changes in
aggregate demand, but also by changes in its composition. Even if aggregate money …

MANY different factors and policies have been made responsible for inflation. Let me
mention a few. Some say aggregate demand rising faster than aggregate supply'pulls …