Alban phillips

He was an economist from new Zealand. He taught at an English school of economics. His biggest contribution to economics as a whole is the Phillips curve, which is a curve showing the relationship between inflation and unemployment rate. He also invented a computer moniac.

On the graph,we see how higher inflation means less unemployment. This curve was constructed from various data collected in England during his studies.

However, his theory became a subject of study when the opposite that his curve showed happened. Even after many people doubt his concept of inflation against employemnt, his theories were ahead of time and were most precise at that time.