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MILTON FRIEDMAN AND THE NATURAL RATE OF UNEMPLOYMENT


JOHANNES A. SCHWARZER
UNIVERSITÄT HOHENHEIM
STUTTGART, GERMANY
[email protected]


EXERCISE

Why did Friedman receive the Nobel Prize in 1976?

  • For ‘his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy’.
  • For ‘his achievements in showing that there is no long-run trade-off between inflation and unemployment so that the Phillips curve is vertical in the long run’.
  • For ‘his achievements in analyzing the role of money in the economy’.

NEWS

15 September 2013 The EET International Conference

The international conference entitled Translations of Economic Texts into and from European Languages, organized in the framework of the EE-T project, was held at the University of Pisa (Italy) on 11 to 13 September. The aim of the conference was to present the results of researches carried out throughout Europe on the international circulation of economic ideas through translations and adaptations of economic texts. The three days event was attended by around 100 participants representing: lecturers, researchers, students in the field of history of economic thought. More information is available in the Events section