Alban William Phillips
Alban William Phillips was a New Zealand economist best known for developing the Phillips Curve in 1958, which illustrated the inverse relationship between unemployment and inflation. His groundbreaking work suggested that policymakers could trade off between these two economic indicators, influencing economic management and policy decisions worldwide. Phillips' insights became foundational in macroeconomic theory and practice, impacting how governments approach inflation and employment rates.
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Alban William Phillips was a New Zealand economist who developed the Phillips curve, illustrating the relationship between unemployment and inflation.
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