Until he showed otherwise, post-war governments seemed able to tradeoff unemployment and inflation: a long-term statistical link between the two, known as the Phillips curve after the New Zealander who noted it, appeared toprove as much.

• 直到他发表了不同的见解之前，战后的美国政府似乎有能力平衡失业和通货膨胀（对矛盾）一个长期的两者的统计相关性为此提供了显见的证明，在一位新西兰人对此进行了计量分析之后，该理论得名菲利普斯曲线，从此为大众所知晓。