Showing 1 - 10 of 112
The potted histories of macroeconomics textbooks are typically Keynes-centric. Keynes is credited with founding macroeconomics, and the central developments in the field through the early 1970s, including large-scale macroeconometric models are usually termed "Keynesian." The story of...
Persistent link: https://www.econbiz.de/10011708002
Theory of Price Movements" (Econometrica 1961). The panel consists of Michael Lovell, Robert Lucas, Dale Mortensen, Robert …
Persistent link: https://www.econbiz.de/10011603748
In many sciences - physical, but also biology, neuroscience, and other life sciences - one object of reductionism is to purge intentionality from the fundamental basis of both explanations and the explanatory target. The scientifically relevant level - ontologically and epistemologically - is...
Persistent link: https://www.econbiz.de/10011706671
Persistent link: https://www.econbiz.de/10011761586
, large-scale macroeconometric modelling on the one hand, and the disequilibrium theory on the other hand. These two …
Persistent link: https://www.econbiz.de/10012135419
We study the construction of the macroeconometric model of the Committee on Economic Stability (CES) of the Social Science Research Council (SSRC) in the early 1960s using the CES's archival records. Building this model was central not only to set the bases for the subsequent construction of...
Persistent link: https://www.econbiz.de/10011843348
Best known as a monetary economist and prominent proponent of monetarism, Karl Brunner was deeply knowledgeable about the philosophy of science and attempted to explicitly integrate logical empiricist thinking, derived in some measure from his engagement with the work of the philosopher Hans...
Persistent link: https://www.econbiz.de/10011903527
Persistent link: https://www.econbiz.de/10011602776
This paper discusses a longstanding debate between two empirical approaches to macroeconomics: the econometrics program represented by Lawrence R. Klein, and the statistical economics program represented by Milton Friedman. I argue that the differences between these two approaches do not consist...
Persistent link: https://www.econbiz.de/10011609690