The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957
E862170
"The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957" is the landmark 1958 paper by economist A. W. Phillips that introduced the Phillips curve, demonstrating an inverse relationship between unemployment and wage inflation.
All labels observed (1)
| Label | Occurrences |
|---|---|
| The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957 canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T10414187 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957 Context triple: [A. W. Phillips, notableWork, The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957]
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A.
Unemployment (A. C. Pigou)
Unemployment (A. C. Pigou) is a seminal economic treatise by Arthur Cecil Pigou that analyzes the causes, nature, and policy remedies for joblessness within a market economy.
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B.
The Theory of Wages
The Theory of Wages is a foundational economic work by John R. Hicks that analyzes how wages are determined within competitive labor markets and broader economic systems.
-
C.
A Theory of the Consumption Function
A Theory of the Consumption Function is Milton Friedman’s influential 1957 economics book that introduced the permanent income hypothesis to explain household consumption behavior over time.
-
D.
The Theory and Measurement of Demand
The Theory and Measurement of Demand is a foundational economics book by Henry Schultz that rigorously develops statistical and mathematical methods for estimating consumer demand.
-
E.
Some Aspects of the Inequality of Incomes in Modern Communities
"Some Aspects of the Inequality of Incomes in Modern Communities" is an influential early 20th-century economic study by Hugh Dalton that analyzes the causes, measurement, and implications of income inequality in industrial societies.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957 Target entity description: "The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957" is the landmark 1958 paper by economist A. W. Phillips that introduced the Phillips curve, demonstrating an inverse relationship between unemployment and wage inflation.
-
A.
Unemployment (A. C. Pigou)
Unemployment (A. C. Pigou) is a seminal economic treatise by Arthur Cecil Pigou that analyzes the causes, nature, and policy remedies for joblessness within a market economy.
-
B.
The Theory of Wages
The Theory of Wages is a foundational economic work by John R. Hicks that analyzes how wages are determined within competitive labor markets and broader economic systems.
-
C.
A Theory of the Consumption Function
A Theory of the Consumption Function is Milton Friedman’s influential 1957 economics book that introduced the permanent income hypothesis to explain household consumption behavior over time.
-
D.
The Theory and Measurement of Demand
The Theory and Measurement of Demand is a foundational economics book by Henry Schultz that rigorously develops statistical and mathematical methods for estimating consumer demand.
-
E.
Some Aspects of the Inequality of Incomes in Modern Communities
"Some Aspects of the Inequality of Incomes in Modern Communities" is an influential early 20th-century economic study by Hugh Dalton that analyzes the causes, measurement, and implications of income inequality in industrial societies.
- F. None of above. chosen
Statements (39)
| Predicate | Object |
|---|---|
| instanceOf |
academic journal article
ⓘ
economics paper ⓘ |
| author |
A. W. Phillips
NERFINISHED
ⓘ
Alban William Housego Phillips NERFINISHED ⓘ |
| basedOnDataFrom |
United Kingdom unemployment statistics
ⓘ
United Kingdom wage statistics ⓘ |
| citedAs | foundational work on the Phillips curve ⓘ |
| countryStudied | United Kingdom NERFINISHED ⓘ |
| dataEndYear | 1957 ⓘ |
| dataStartYear | 1861 ⓘ |
| demonstratesRelationshipBetween |
rate of change of money wage rates
ⓘ
unemployment ⓘ |
| empiricalFinding |
higher unemployment associated with lower or negative rates of money wage increase
ⓘ
lower unemployment associated with higher rates of money wage increase ⓘ |
| field |
labor economics
ⓘ
macroeconomics ⓘ |
| focusesOn | short-run trade-off between unemployment and wage inflation ⓘ |
| hasAlternativeName |
Phillips 1958 paper
NERFINISHED
ⓘ
Phillips curve paper NERFINISHED ⓘ |
| historicalContext | post-war development of macroeconomics ⓘ |
| influenced |
Keynesian macroeconomic policy
ⓘ
macroeconomic stabilization policy debates ⓘ |
| introducedConcept | Phillips curve NERFINISHED ⓘ |
| isLandmarkIn |
empirical macroeconomics
ⓘ
macroeconomic theory ⓘ |
| journalDiscipline | economics ⓘ |
| language | English ⓘ |
| mainTopic |
Phillips curve
NERFINISHED
ⓘ
money wage rates ⓘ unemployment ⓘ wage inflation ⓘ |
| publicationType | peer-reviewed article ⓘ |
| publicationYear | 1958 ⓘ |
| publishedIn | Economica NERFINISHED ⓘ |
| relatedConcept |
inflation-unemployment trade-off
ⓘ
wage-price dynamics ⓘ |
| shows | inverse relationship between unemployment and wage inflation ⓘ |
| timePeriodStudied | 1861–1957 ⓘ |
| usesMethod | econometric analysis of historical time series ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957 Description of subject: "The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957" is the landmark 1958 paper by economist A. W. Phillips that introduced the Phillips curve, demonstrating an inverse relationship between unemployment and wage inflation.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
A. W. Phillips
→
notableWork
→
The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957
ⓘ