Talk:Keynesian economics

I am no economist, but my undergraduate classes in it lead me to believe that it was *not* Keynes that asserted that unemployment and inflation were "opposites", The relationship between them was first discovered by an economist named Phillips (hence it was called the "Phillips Curve") in the 1950s, after Keynes' death, though based on Keynes' model of the economy. Milton Friedman then (correctly, as I understand it) theorized that the real relationship between the two was that set forth in the "expectations augmented" Phillips Curve. That refinement is not at odds with Keynesianism, and is generally accepted by Keynesians.

That said, I'm no expert so hesitate to change the article to delete the reference, without at least giving someone the chance to put me in my place. Besides, my undergraduate classed were Keynes-heavy and therefore possibly biased. Jesus Saves 19:40, 12 March 2010 (EST)