Skip to content

Robert J. Gordon Quotes

born 1940 United States

Robert James (Bob) Gordon (born Sept. 3, 1940) is an American economist, and Stanley G. Harris Professor of the Social Sciences at Northwestern University.

United States
Academics
Business theorists
Economists

Random Robert J. Gordon quote

1 quote

Much time was wasted and ink spilled in the late 1960s and early 1970s trying to interpret the lagged effect of prices on wages as reflecting adaptive lags in the formation of expectations. But if we have learned anything from the new Keynesian economics of Fischer, Taylor, Blanchard, and their younger followers, it is that price and wage inertia is compatible with rational expectations.

The Phillips Curve Now and Then (1990)

Attribution

Quotes and notes from Wikiquote: Robert J. Gordon (page history), available under CC BY-SA 4.0.