Showing 41 - 50 of 54
This paper seeks to convince historians that asking how tractability has shaped individual and collective modeling choices in economics is a worthy question. To do so, I first survey the economic methodology literature on tractability, one that grew out of methodologists’ attempts to dissect...
Persistent link: https://www.econbiz.de/10014078681
This paper documents the disciplinary exchanges between economists and engineers at Stanford throughout the 20th century. We elucidate how this cross-fertilization was mediated by the institutional structure of the university. We outline the role of key scholars such as Kenneth Arrow and Robert...
Persistent link: https://www.econbiz.de/10014106675
Walter Heller's success in convincing JF Kennedy to pass a "tax cut" when he was chairman of the Council of Economic Advisors in the 1960s is often heralded as the poster child for economists' policy influence, yet also sometimes seen as a lost golden age. The purpose of this paper is to...
Persistent link: https://www.econbiz.de/10014108981
The field of ‘Urban Economics’ is an elusive object, whose US-based origins and internationalization we attempt to track in this paper. The most stable and distinctive object associated with the term ‘urban economics’ is the Alonso-Muth-Mills model. We thus reconstruct the field through...
Persistent link: https://www.econbiz.de/10014354492
According to its creator Michel Juillard, Dynare is a “pre-processor and a collection of routines” aimed at solving and estimating non-linear rational expectation models. This article focuses on the role of Dynare in the dissemination of dynamic stochastic general equilibrium (DSGE) models...
Persistent link: https://www.econbiz.de/10014345400
In this paper, we trace the rise of heterogeneous household models in mainstream macroeconomics from the turn of the 1980s to the early 2000s, at the moment when this set of models became an identifiable consistent literature. We show that different communities across the US and Europe...
Persistent link: https://www.econbiz.de/10014243388
This paper tells the development of economics at MIT between 1940 and 1972. The recruitment of Samuelson in 1940 fostered the establishment of a small community of economists within an engineering institute which was itself undergoing major transformations. A “new economics” was then shaped...
Persistent link: https://www.econbiz.de/10013029562
Persistent link: https://www.econbiz.de/10008535720
Persistent link: https://www.econbiz.de/10010825903
This paper conjectures that economics has changed profoundly since the 1970s and that these changes involve a new understanding of the relationship between theoretical and applied work. Drawing on an analysis of John Bates Clark medal winners, it is suggested that the discipline became more...
Persistent link: https://www.econbiz.de/10011099849