Showing 1 - 10 of 23
In this paper, we build on data on Fed officials, oral history repositories, and hitherto under-researched archival sources to unpack the torturous path toward crafting an institutional and intellectual space for postwar economic analysis within the Federal Reserve. We show that growing...
Persistent link: https://www.econbiz.de/10011964079
Abstract: This paper conjectures that economics has changed profoundly since the 1970s and that these changes involve a new understanding of the relationship between theoretical and applied work. Drawing on an analysis of John Bates Clark medal winners, it is suggested that the discipline became...
Persistent link: https://www.econbiz.de/10011592234
This paper seeks to convince historians that asking how tractability has shaped individual and collective modeling choices in economics is a worthy question. To do so, I first survey the economic methodology literature on tractability, one that grew out of methodologists’ attempts to dissect...
Persistent link: https://www.econbiz.de/10014078681
This paper documents the disciplinary exchanges between economists and engineers at Stanford throughout the 20th century. We elucidate how this cross-fertilization was mediated by the institutional structure of the university. We outline the role of key scholars such as Kenneth Arrow and Robert...
Persistent link: https://www.econbiz.de/10014106675
Walter Heller's success in convincing JF Kennedy to pass a "tax cut" when he was chairman of the Council of Economic Advisors in the 1960s is often heralded as the poster child for economists' policy influence, yet also sometimes seen as a lost golden age. The purpose of this paper is to...
Persistent link: https://www.econbiz.de/10014108981
This paper tells the development of economics at MIT between 1940 and 1972. The recruitment of Samuelson in 1940 fostered the establishment of a small community of economists within an engineering institute which was itself undergoing major transformations. A “new economics” was then shaped...
Persistent link: https://www.econbiz.de/10013029562
This paper offers a historical perspective on economists' treatment of women, through exploring the case of Paul Samuelson. Some of his remarks about women in the economy and in economics were famously considered deprecatory. We place them in the context of the discussions of discrimination in...
Persistent link: https://www.econbiz.de/10012915697
The FMP model exemplifies the Keynesian models later criticized by Lucas, Sargent and others as conceptually flawed. For economists in the 1960s such models were “big science”, posing organizational as well as theoretical and empirical problems. It was part of an even larger industry in...
Persistent link: https://www.econbiz.de/10012909475
This paper introduces twin special issues of the Revue d’Economie Politique on the role that seminars, workshops and conferences have played in the history of economics in the 20th century. Our goal is to turn what have been a systematic background feature in the history of key concepts,...
Persistent link: https://www.econbiz.de/10013221338
This paper seeks to convince historians of economics to blog and tweet. It outlines the costs and benefits of doing so, and argues that social media thoroughly alter our research process, from data gathering to writing, collaborating, sharing and hacking, showcasing history and interacting with...
Persistent link: https://www.econbiz.de/10012926123