New Venture Partners has joined with the Dutch electronics giant to spin off several companies based on technology first developed by Philips Research, with the first collaboration, Liquavista, being announced today.

ENGADGET: Philips spins off Liquavista to develop thin Electrowetting displays

Prior to Friedman's Philips Curve research, generally accepted wisdom held that an economy could essentially choose how to trade off inflation with unemployment.

FORBES: Milton Friedman Dies

Prototypes built by researchers at the Naval Research Laboratory, Stanford University and Philips, a Dutch electrical-goods firm, can detect a substance that is present at a concentration of less than one part in a million billion.

ECONOMIST: Labs on a chip