What was the message of Friedman’s Presidential Address to the American Economic Association?
质疑普遍观点，认为弗里德曼1967年主席致辞的重点并非批评菲利普斯曲线，而是主张政策应遵循规则而非自由裁量。
Abstract It is widely accepted that the importance of Friedman’s Presidential Address to the American Economic Association lies in its criticism of policy based on the Phillips curve. However, it is argued here that a reading of the text does not support such a view, and this and other considerations suggest that any such aim was far from Friedman’s mind in 1967. His objective was the quite different one of making a case for policy ‘rules’ rather than ‘discretion’.