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Displaying results 1 to 7 of 7.

  1. The emperor has no clothes
    a reply to Ginoux and Jovanovic
    Author: Carret, Vincent
    Published: [2023]
    Publisher:  Center for the History of Political Economy at Duke University, [Durham, NC]

    In a letter to the editors of the Journal of the History of Economic Thought, Jean-Marc Ginoux and Franck Jovanovic claim that my work on Ragnar Frisch is “useless” and has “no merit” (p.8). I will gladly take this opportunity to explain my research... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 554
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    In a letter to the editors of the Journal of the History of Economic Thought, Jean-Marc Ginoux and Franck Jovanovic claim that my work on Ragnar Frisch is “useless” and has “no merit” (p.8). I will gladly take this opportunity to explain my research on Ragnar Frisch and why it remains unscathed from their hand-waving. It remains unscathed because their very narrow criticism of my mathematical solution of Frisch’s model has no grounding. But it is also unscathed because they do not even address the historiographical points I was making in my paper.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/270767
    Series: CHOPE working paper ; no. 2023, 01 (January 2023)
    Scope: 1 Online-Ressource (circa 19 Seiten)
  2. Distribution of power and ordered competition in the European coal and steel community
    Author: Carret, Vincent
    Published: [2023]
    Publisher:  Center for the History of Political Economy at Duke University, [Durham, NC]

    In the early 1950s, the drive to find a practical solution to European antagonisms led to the construction of the first Common Market at the European scale, between Belgium, France, Germany, Italy, Luxembourg and the Netherlands. At the heart of the... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 554
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    In the early 1950s, the drive to find a practical solution to European antagonisms led to the construction of the first Common Market at the European scale, between Belgium, France, Germany, Italy, Luxembourg and the Netherlands. At the heart of the Coal and Steel Community, was the idea that shared economic interests would prevent the occurrence of new wars. The institutions created for this purpose led to a new distribution of powers between member states, firms and a supranational power that was tasked to prevent discrimination and organize exchanges between the six countries. By examining the jurisprudence and administrative regulations produced from the early 1950s to the early 1960s, I distinguish between three types of rules grounded in different approaches to competition. This analysis gives a new meaning to the idea of “ordered competition,” and the sources of inspiration behind the construction of Europe.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/270768
    Series: CHOPE working paper ; no. 2023, 02 (March 2023)
    Subjects: European Coal and Steel Community; High Authority; Court of Justice; liberalism; administrative state; antitrust
    Other subjects: Array
    Scope: 1 Online-Ressource (circa 35 Seiten)
  3. Wassily Leontief's Research Program
    science, beliefs, institutions
    Author: Carret, Vincent
    Published: [2023]
    Publisher:  Center for the History of Political Economy at Duke University, [Durham, NC]

    Wassily Leontief met with decades of success for the development of input-output analysis, and yet he remained a staunch critic of the economics profession throughout his life. To understand his success, its limits, and the origins of his discontent,... more

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    Wassily Leontief met with decades of success for the development of input-output analysis, and yet he remained a staunch critic of the economics profession throughout his life. To understand his success, its limits, and the origins of his discontent, I separate the scientific activities of input-output from the system of belief built around it, and from the institutions set up to advance this research program. This leads to considering the interaction of Leontief's research program with other research programs through these three poles: the scientific debate, the collision of belief systems about the world, and an institutional fight for funds and researchers. The end result is a picture of how Leontief managed to build a successful research program where the science led to beliefs about the world that were able to justify building institutions promoting input-output, in an environment of competition and cooperation.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    hdl: 10419/279756
    Series: CHOPE working paper ; no. 2023, 06 (November 2023)
    Subjects: Wassily Leontief; input-output; ideas; beliefs; institutions; competition; cooperation
    Scope: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  4. A micro foundational episode of the early history of macroeconomics
    a 1932 debate on Walrasian economics and multiple equilibria
    Author: Assous, Michaël; Carret, Vincent
    Published: [2023]
    Publisher:  Center for the History of Political Economy at Duke University, [Durham, NC]

    This paper documents an early fork in the development of macroeconomics, by examining a debate between the Dutch economists Jan Tinbergen and Johan Koopmans. In a 1932 paper, Tinbergen argued that two firms could be stuck in a “bad” equilibrium in... more

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    This paper documents an early fork in the development of macroeconomics, by examining a debate between the Dutch economists Jan Tinbergen and Johan Koopmans. In a 1932 paper, Tinbergen argued that two firms could be stuck in a “bad” equilibrium in the absence of a coordinated action to increase employment. Koopmans replied with a paper demonstrating that multiple equilibria in an exchange economy could not be ranked on the basis of their productive efficiency. This debate contributed to a larger turn away from dynamizing the general equilibrium model, towards the new field of macrodynamics, with long-ranging consequences for the field.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/283924
    Series: CHOPE working paper ; no. 2023, 09 (December 2023)
    Subjects: coordination; Jan Tinbergen; multiple equilibria; macroeconomics; generalequilibrium
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  5. Do engineers believe in spontaneous order?
    the case of Jacques Rueff
    Author: Carret, Vincent
    Published: [2023]
    Publisher:  Center for the History of Political Economy at Duke University, [Durham, NC]

    In the 1950s, Jacques Rueff’s references to social order seem pretty clear: it is not a spontaneous phenomena. Although Rueff is generally seen as a liberal economist, this has prompted commentators to see in his approach something more artificial... more

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    In the 1950s, Jacques Rueff’s references to social order seem pretty clear: it is not a spontaneous phenomena. Although Rueff is generally seen as a liberal economist, this has prompted commentators to see in his approach something more artificial than Hayek’s own ideas on social order. Hayek himself was befuddled by Rueff’s reflections on social order and spontaneous emergence. This present paper seeks to explore what Rueff meant by spontaneity, by going back to the scientific context of the 1950s, when Rueff began to reframe his ideas on social order through the lens of cybernetics. Exploring Rueff’s cybernetic moment enlightens us on the context in which he developed his thoughts on social order, and what liberalism was for the French economist.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/283925
    Series: CHOPE working paper ; no. 2023, 10 (December 2023)
    Subjects: Jacques Rueff; cybernetics; spontaneous order; F. A. Hayek
    Scope: 1 Online-Ressource (circa 31 Seiten)
  6. Understanding the bitterness of Wassily Leontief
    intention and reception of input-output techniques, 1940s-1950s
    Author: Carret, Vincent
    Published: [2022]
    Publisher:  Center for the History of Political Economy at Duke University, [Durham, NC]

    Leontief was and still is one of the most recognized names in economics, inextricably linked to the development of input-output techniques, but throughout his life he remained fiercely critical of other economists’ works and of the state of economic... more

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    Leontief was and still is one of the most recognized names in economics, inextricably linked to the development of input-output techniques, but throughout his life he remained fiercely critical of other economists’ works and of the state of economic science. To understand his bitterness, we go back to the root of the split between Leontief and the rest of the economics profession, through an examination based on new archival material of the debates that took place in the late 1940s. We show that these debates were concerned with the core of the practice of economists, the conduct of economic policy and the relation between rational individuals and the economy as a whole. From his input-output model, conceived as an operational theory of economic interdependencies, Leontief drew a specific approach to economic policy and planning which had a lot of success with government agencies, explaining how he could durably sustain his split from the profession.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/260579
    Series: CHOPE working paper ; no. 2022, 04 (March 2022)
    Subjects: Input-Output-Analyse; Wirtschaftspolitik; Wirtschaftstheorie
    Other subjects: Leontief, Wassily W. (1906-1999)
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  7. Investment planning and the input-output model in postwar Europe
    Author: Carret, Vincent
    Published: [2022]
    Publisher:  Center for the History of Political Economy at Duke University, [Durham, NC]

    As economic planners sought to rebuild Europe in the unstable postwar period, economic expertise was called upon to help in the drawing of national budgets and to inform economic and planning policies. A tool that circulated from academia to economic... more

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    As economic planners sought to rebuild Europe in the unstable postwar period, economic expertise was called upon to help in the drawing of national budgets and to inform economic and planning policies. A tool that circulated from academia to economic administrations was the input-output framework that had been developed by Wassily Leontief since the 1930s. As Leontief came into contact with other economists and with the goals of economic administrations, his framework was repurposed to give answers to the questions of economic planners. Statisticians and economists in Western Europe worked to integrate the input-output framework with the developing national accounts. Looking at their work with a particular focus on investment and development policies, I bring new insights on the role of experts, by showing that the input-output model had little impact on the actual coordination of economic policies.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/276241
    Series: CHOPE working paper ; no. 2022, 14 (December 2022)
    Subjects: Leontief; input-output; planning; investment; Europe; instability
    Other subjects: Array
    Scope: 1 Online-Ressource (circa 37 Seiten)