Modeling Economic Instability : A History of Early Macroeconomics, Hardcover ...

by Michaël Assous, Vincent Carret

$134 · Offered by eBay

Modeling Economic Instability : A History of Early Macroeconomics, Hardcover by Assous, Michae¨l; Carret, Vincent, ISBN 3030903095, ISBN-13 9783030903091, Like New Used, Free shipping in the US This book offers a fresh perspective on the early history of macroeconomics, by examining the macro-dynamic models developed from the late 1920s to the late 1940s, and their treatment of economic instability. It first explores the differences and similarities between the early mathematical business cycle models developed by Ragnar Frisch, Michal Kalecki, Jan Tinbergen and others, which were presented at meetings of the Econometric Society and discussed in private correspondence. By doing so, it demonstrates the diversity of models representing economic phenomena and especially economic crises and instability. Jan Tinbergen emerged as one of the most original and pivotal economists of this period, before becoming a leader of the macro-econometric movement, a role for which he is better known. His emphasis on economic policy was later mirrored in the United States in Paul Samuelson’s early work on business cycles analysis, which, drawing on Alvin Hansen, aimed at interpreting the 1 recession. The authors then show that the subsequent shift in Samuelson's approach, from the study of business cycle trajectories to the comparison of equilibrium points, provided a response to the econometricians' critique of early Keynesian models. In the early 1940s, Samuelson was able to link together the

• Publisher: Springer International Publishing A&G
• Year: 2022
• Binding: Hardcover
• ISBN: 9783030903091
• Condition: Fine

Found via Rare Books Intel, a search across rare-book dealers, auction houses and marketplaces worldwide.