SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Joe NYC who wrote (112972)5/26/2000 1:30:00 PM
From: chic_hearne  Read Replies (1) | Respond to of 1570331
 
Re: Is it possible that the Phillips curve just shifted down, and now, the economy can live with 4 to 4.5% unemployment without starting inflation?

Joe,

I'm not that familiar with the phillips curve, but it is my belief that 4-6 people out of 100 just aren't capable of being productive in our society.

From my recent experiences with minimum wage workers, we're pushing it.

chic



To: Joe NYC who wrote (112972)5/26/2000 2:22:00 PM
From: EricRR  Read Replies (2) | Respond to of 1570331
 
Is it possible that the Phillips curve just shifted down, and now, the economy can live with 4 to 4.5% unemployment without starting inflation?

It was discredited, as have also most of the MATH in economics, given a few years.

/*How to win a Nobel Prize in economics */

do
{
notation = SearchMath();
if ( HasNotBeenUsed(notation) && MostEconomistsDontUnderstand(notation) )
{
int *foo1, *foo2, *foo3;
foo1 = RandArray(n);
foo2 = RandArray(n);
foo3 = RandArray(n);

theory = Apply(notation, ASSUME_LINEAR, foo1, foo2, foo3);
if (theory.IsTrue() == FALSE)
{
delete theory;
Smooth(foo1, n);
Smooth(foo2, n);
Smooth(foo3, n);
theory = Apply(notation, ASSUME_LINEAR, foo1, foo2, foo3);
}
if (theory.IsTrue())
{
nobel_prize = Publish(theory);
}
else
delete theory;
delete[] foo1;
delete[] foo2;
delete[] foo3;
}

} While (nobel_prize == FALSE);