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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

Tag: cycle

Questioning Samuelson’s dogma: Schelling on growth and cycles

July 15, 2022 Michaël Assous, Elie Malhaire and Vincent Carret

In the context of the 1937 recession, Paul Samuelson (1915-2009) provided a dynamic framework (1939) for studying the effects of…

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Posted in: Part III, Uncategorized Filed under: cycle, Domar, Samuelson, Schelling

Priming the pump: on some lessons learned from Samuelson’s 1939 accelerator-multiplier model 

October 16, 2021 Michaël Assous and Vincent Carret

The Great Depression led to a profound renewal of how problems of governmental fiscal policy were tackled. With reference to…

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Posted in: Part II Filed under: cycle, economic policy

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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