A Few Hares to Chase: The Economic Life and Times of Bill Phillips by Alan Bollard

A Few Hares to Chase: The Economic Life and Times of Bill Phillips

byAlan Bollard

Hardcover | February 8, 2016

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The Phillips Curve is world famous amongst economists. The man who invented it was an inventor, an engineer, a genius, who led an exciting life and contributed to economics in many different ways. Born and brought up on a remote farm in rural New Zealand, his early life was a search foradventure. He invented toys and rebuilt machinery as a child. He experienced the rigours of the Great Depression on construction sites, and while still a young man he roamed the outback of Australia picking up casual work, sometimes working in gold mines, sometimes crocodile hunting. In 1937 he setoff to discover militarising Japan, a guerrilla war in Manchuria, Stalin's Soviet Union, and the tensions in Europe. On the outbreak of war, he joined the RAF and was sent to Singapore where he rearmed planes but was eventually incarcerated in a POW camp by the Japanese. In camp he learnedlanguages, invented gadgets for the troops and built a clandestine radio. If his first 30 years had been a search for adventure, his later life was a search for economic stability. Back in Britain after the war, he scraped through a sociology degree at the LSE, before convincing a sceptical faculty to let him build a hydraulic model of the economy. This beautiful complexmachine was a great success and put Bill Phillips on the track of serious economics. In the next few decades he developed new ideas for stabilising economies, was one of the first to use electronic computers, developed the Phillips Curve, showed ways to help an economy to grow, and developed newtechniques to model economies. Always innovative, he took another heading in his later years, working out how to stabilise the Chinese economy which was being wracked by the Cultural Revolution. Bill Phillips pioneered a dozen new directions in economics, making him one of the most innovative andinfluential of our economic pioneers.

About The Author

Alan Bollard is CEO of Secretariat of Asia Pacific Economic Cooperation and former Governor of the Central Bank of New Zealand. Previously he was Secretary to the NZ Treasury and he has also run New Zealand's competition authority, and the New Zealand Institute of Economic Research. He has also worked in Britain and the Pacific Island...
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Details & Specs

Title:A Few Hares to Chase: The Economic Life and Times of Bill PhillipsFormat:HardcoverDimensions:288 pagesPublished:February 8, 2016Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198747543

ISBN - 13:9780198747543

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Table of Contents

Preface and AcknowledgementsPart One: In Search of Adventure1. Origins2. Upbringing3. Wanderlust4. War and CaptivityPart Two: In Search of Stability5. Post-War London6. Hydraulic Machine7. Stabilisation and Computing8. Phillips Curve9. Growth Challenge10. Econometric Puzzle11. China and an EndingAnnex: A Few Hares To ChaseBibliography