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In a letter to the editors of the Journal of the History of Economic Thought, Jean-Marc Ginoux and Franck Jovanovic claim that my work on Ragnar Frisch is “useless” and has “no merit” (p.8). I will gladly take this opportunity to explain my research on Ragnar Frisch and why it remains...
Persistent link: https://www.econbiz.de/10014234568
In the early 1950s, the drive to find a practical solution to European antagonisms led to the construction of the first Common Market at the European scale, between Belgium, France, Germany, Italy, Luxembourg and the Netherlands. At the heart of the Coal and Steel Community, was the idea that...
Persistent link: https://www.econbiz.de/10014234579
Wassily Leontief met with decades of success for the development of input-output analysis, and yet he remained a staunch critic of the economics profession throughout his life. To understand his success, its limits, and the origins of his discontent, I separate the scientific activities of...
Persistent link: https://www.econbiz.de/10014419548
This paper documents an early fork in the development of macroeconomics, by examining a debate between the Dutch economists Jan Tinbergen and Johan Koopmans. In a 1932 paper, Tinbergen argued that two firms could be stuck in a “bad” equilibrium in the absence of a coordinated action to...
Persistent link: https://www.econbiz.de/10014474723
Leontief was and still is one of the most recognized names in economics, inextricably linked to the development of input-output techniques, but throughout his life he remained fiercely critical of other economists’ works and of the state of economic science. To understand his bitterness, we go...
Persistent link: https://www.econbiz.de/10013207019
As economic planners sought to rebuild Europe in the unstable postwar period, economic expertise was called upon to help in the drawing of national budgets and to inform economic and planning policies. A tool that circulated from academia to economic administrations was the input-output...
Persistent link: https://www.econbiz.de/10013503072
In the aftermath of World War I, a financial war was fought on the battlegrounds of international organizations and financial diplomacy. While the League of Nations' Economic and Financial Organization tried to ensure the reconstruction of Europe through guaranteed loans and financial reforms,...
Persistent link: https://www.econbiz.de/10013411869