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A new history of macroeconomics
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  • Modeling Economic Instability: an History of early Macroeoonomics
    • Chapter 1 – Introduction
    • Chapter 2 – Looking for Dynamic Economics: Tinbergen’s Early Breakthrough
    • Chapter 3 – Relaxation Oscillations in the Early Development of Econometrics: a Road Not Taken
    • Chapter 4 – Frisch’s Macro-Dynamics: Inner Stability and External Impulses
    • Chapter 5 – Kalecki’s Macro-Dynamics: “Automatic Cycles,” Stagnation and Class Struggle
    • Chapter 6 – Tinbergen’s Macro-Dynamics: Instability and the Possibility of Collapse
    • Chapter 7 – Business Cycles, Pump-Priming and the Role of Public Expenditures
    • Chapter 8 – Stability Analysis and Early Keynesian Systems
    • Chapter 9 – Full Employment and Instability: Disentangling Issues on Existence and Stability
  • Grappling with Instability: a history of early post WW2 period
  • Reviews of the Book

Category: Part I

Macrodynamics in wonderland: the race for profits in Kalecki (1933)

June 4, 2024 Michaël Assous and Vincent Carret

This post is based on the chapter 5 of the book. All comments are welcomed. “Well, in OUR country,” said…

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Posted in: Part I Filed under: business cycle, capitalists, profits

A micro foundational episode of the early history of macroeconomics: Jan Tinbergen’s first step toward multiple equilibria and coordination failures

May 28, 2024 Michaël Assous and Vincent Carret

    This post is based on an article accessible here presented at a workshop held in Nice in September…

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Posted in: Part I Filed under: coordination, equilibrium, J.G Koopmans, Tinbergen, unemployment

Back to the future: Meade meets M.E.A.D.E. in the person of Tinbergen

June 28, 2021 Michaël Assous and Vincent Carret

This post is based on parts of a working paper accessible here. All comments are welcomed. In a recent issue…

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Posted in: Part I, Part II

Coming (almost) full circle: Relaxation oscillations in the early development of econometrics (1929-1951)

April 26, 2021 Michaël Assous and Vincent Carret

    This post is based on results shown in chapter 3 of Modeling Economic Instability: a History of Early…

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Posted in: Part I Filed under: cycle, Hamburger, relaxation oscillations

Tinbergen (1936): A nonlinear model of collapse

December 23, 2020 Michaël Assous and Vincent Carret

Ach, mit offenen Armen stand ich gegen den Abgrund und atmete hinab! Hinab! Goethe, Die Leiden des jungen Werther Oh,…

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Posted in: Part I Filed under: collapse, cycle, multiple equilibria, translation
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