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Journal Article
Models, Measurement, and “Universal Patterns”: Jan Tinbergen and Development Planning without Theory
History of Political Economy (2018) 50 (S1): 231–248.
Published: 01 December 2018
...Marcel Boumans; Neil De Marchi Development economics in the 1950s and 1960s, as Jan Tinbergen and Irma Adelman saw it, was a “groping in the dark.” Besides the limited knowledge of dynamic mechanisms, the lack of data was a severe problem for any attempt at modeling, whether macroeconomic, input...
Journal Article
History of Political Economy (2019) 51 (3): 471–491.
Published: 01 June 2019
...Juan Acosta; Goulven Rubin In this article we discuss the implementation of a portfolio choice framework and the inclusion of credit rationing by banks in several large-scale macroeconometric models built during the 1960s. We argue that the Fed-MIT-Penn model has a more transparent structure...
Journal Article
History of Political Economy (2016) 48 (2): 265–306.
Published: 01 June 2016
...Pedro Garcia Duarte Although economists recognized long ago that “time enters into all economic questions,” as William Stanley Jevons wrote, the ways they treated and modeled time varied substantially in the last century. While in the 1920s there was a distinctive Cambridge tradition against...
Journal Article
History of Political Economy (2011) 43 (4): 779–781.
Published: 01 November 2011
...Jim Thomas Representation and Structure in Economics: The Methodology of Econometric Models of the Consumption Function . By Chao Hsiang-Ke . London : Routledge , 2009 . xiii; 161 pp. £65.00 . Copyright 2011 by Duke University Press 2011 References Malinvaud Edmond...
Journal Article
History of Political Economy (2011) 43 (3): 619–620.
Published: 01 September 2011
...Christopher Bliss The Development and Testing of Heckscher-Ohlin Trade Models: A Review. By Baldwin Robert E. . Cambridge : MIT Press , 2008 . xi; 227 pp. $35.00 . Copyright 2011 by Duke University Press 2011 Book Reviews
John Maynard Keynes. By Paul Davidson...
Journal Article
History of Political Economy (1971) 3 (1): 28–55.
Published: 01 March 1971
...Howard J. Sherman The object of this article is to review the previous models and offer some new ones based on Marx's theories of national income, capital accumulation, growth, cycles, and cyclical growth. Marx did not anywhere put together his various discussions of these points in a systematic...
Journal Article
History of Political Economy (1976) 8 (2): 151–184.
Published: 01 June 1976
... Ellis, 2: 412 -48 (Philadelphia, 1949 ). Bergson , Abram. “Market Socialism Revisited”. Journal of Political Economy 75 ( 1967 ): 655 -73. Bornstein , Morris. Comparative Economic Systems: Models and Cases . Homewood, Ill., 1974 . Bottomore , T. B. Karl Marx: Early...
Journal Article
History of Political Economy (2022) 54 (2): 217–250.
Published: 01 April 2022
...Matthieu Renault Abstract Edmond Malinvaud's case is peculiar in the history of macroeconomics as he committed to two different microfoundational programs, namely, the disequilibrium theory (more properly, the non-Walrasian approach) and the practice of large-scale macroeconomic modeling...
Journal Article
History of Political Economy (2017) 49 (Supplement): 127–157.
Published: 01 December 2017
... of Measurement in U.S. Labor Market Policy . Westport, Conn. : Praeger . Breslau D. Yonay Y. 1999 . “ Beyond Metaphor: Mathematical Models in Economics as Empirical Research .” Science in Context 12 ( 2 ): 317 – 32 . Card D. 1995 . “ Using Geographic Variation in College...
Journal Article
History of Political Economy (1975) 7 (2): 227–251.
Published: 01 June 1975
...Daniel Horowitz Copyright © 1975 by Duke University Press 1975 [HOPE Vol. 7 (1975) No. 21
Textbook models of American economic growth,
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During the last twenty years...
Journal Article
History of Political Economy (2023) 55 (3): 549–576.
Published: 01 June 2023
...Alexandra Quack; Catherine Herfeld Abstract One striking observation in the history of rational choice models is that those models have not only been used in economics but been spread widely across the social and behavioral sciences. How do such model transfers proceed? By closely studying...
FIGURES
Journal Article
History of Political Economy (2000) 32 (Suppl_1): 71–94.
Published: 01 December 2000
... (February): 202 -28. ____. 1950 . Review of Economic Aspects of Atomic Power: An Exploratory Study by S. Schurr and J. Marschak. Nation 171 , 16 (December): 657 . ____. 1951 . Interregional and Regional Input-Output Analysis: A Model of Space-Economy. Review of Economics and Statistics 33...
Journal Article
History of Political Economy (2009) 41 (4): 749–751.
Published: 01 November 2009
.... Book Reviews
A History of Econometrics in France: From Nature to Models. By Philippe
Le Gall. London: Routledge, 2007. xx; 296 pp. $160.00.
As the title indicates, this is not a general, gentle introduction, but a focused, sophis-
ticated treatment of pioneering French scholars...
Journal Article
History of Political Economy (2019) 51 (3): 449–470.
Published: 01 June 2019
..., the role played by macroeconometric models has been little investigated. This article enlarges the perspective looking at the interactions between monetary economists outside and within the Federal Reserve System, through the building of the Fed-MIT-Penn large-scale econometric model, and the St. Louis...
Journal Article
History of Political Economy (2019) 51 (3): 425–447.
Published: 01 June 2019
...Roger E. Backhouse; Beatrice Cherrier 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...
Journal Article
History of Political Economy (2017) 49 (Supplement): 158–186.
Published: 01 December 2017
...Verena Halsmayer The 1960s were the glorious age of large-scale, “economy-wide” macroeconometric models, which enabled forecasts and simulations of the quantitative effects of certain policy changes within systems of simultaneous equations. This article is concerned (1) with the form and character...
Journal Article
History of Political Economy (2014) 46 (suppl_1): 229–251.
Published: 01 December 2014
...Verena Halsmayer Combining concrete policy-oriented modeling strategies of World War II with what was received as traditional neoclassical theory, in 1956 Robert Solow constructed a simple, clean, and smooth-functioning “design” model that served many different purposes. As a working object...
Journal Article
History of Political Economy (2015) 47 (3): 541–543.
Published: 01 September 2015
...D. Wade Hands Model Building in Economics: Its Purposes and Limitations . By Boland Lawrence A. . New York : Cambridge University Press , 2014 . xvii ; 276 pp. Paperback $30.95 . Copyright 2015 by Duke University Press 2015 Book Reviews
An Encyclopedia of Keynesian...
Journal Article
History of Political Economy (2019) 51 (3): 401–423.
Published: 01 June 2019
...Erich Pinzón-Fuchs Lawrence R. Klein was one of the most important figures in the collective development of macroeconometric modeling, a novel scientific practice that dominated macroeconomics throughout the first decades of the second half of the twentieth century. Understanding how Klein...
Journal Article
History of Political Economy (2019) 51 (3): 391–400.
Published: 01 June 2019
...Marcel Boumans; Pedro Garcia Duarte In the past two decades some of the history of economics turned from histories of economic ideas or economic thought , focusing on the study of “theories” and “schools of thought”, to histories of, for example, epistemic mediators such as “models”, “experiments...
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