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001444235 001__ 1444235
001444235 003__ OCoLC
001444235 005__ 20230310003659.0
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001444235 019__ $$a1294828238$$a1294922410
001444235 020__ $$a9783030903107$$q(electronic bk.)
001444235 020__ $$a3030903109$$q(electronic bk.)
001444235 020__ $$z9783030903091
001444235 020__ $$z3030903095
001444235 0247_ $$a10.1007/978-3-030-90310-7$$2doi
001444235 035__ $$aSP(OCoLC)1295278194
001444235 040__ $$aEBLCP$$beng$$erda$$epn$$cEBLCP$$dYDX$$dGW5XE$$dN$T$$dBRX$$dOCLCO$$dOCLCF$$dUKAHL$$dOCLCQ
001444235 049__ $$aISEA
001444235 050_4 $$aHB172.5$$b.A77 2022
001444235 08204 $$a339.0904$$223
001444235 1001_ $$aAssous, Michaël,$$d1975-$$eauthor.
001444235 24510 $$aModeling economic instability :$$ba history of early macroeconomics /$$cMichaël Assous, Vincent Carret.
001444235 264_1 $$aCham :$$bSpringer,$$c[2022]
001444235 264_4 $$c©2022
001444235 300__ $$a1 online resource (253 pages) :$$billustrations (some color).
001444235 336__ $$atext$$btxt$$2rdacontent
001444235 337__ $$acomputer$$bc$$2rdamedia
001444235 338__ $$aonline resource$$bcr$$2rdacarrier
001444235 4901_ $$aSpringer studies in the history of economic thought
001444235 504__ $$aIncludes bibliographical references and index.
001444235 5050_ $$aChapter 1. Looking for dynamic economics: Tinbergens early breakthrough -- Chapter 2. Relaxation oscillations in the early development of econometrics: a road not taken -- Chapter 3. Frischs macro-dynamics: inner stability and external impulses -- Chapter 4. Kaleckis macro-dynamics: "Automatic cycles," stagnation and class struggle -- Chapter 5. Tinbergens macro-dynamics: Instability and the possibility of collapse -- Chapter 6. Business cycles, pump-priming and the role of public expenditures -- Chapter 7. Stability analysis and early Keynesian systems -- Chapter 8. Full employment and instability: Disentangling issues on existence and stability.
001444235 506__ $$aAccess limited to authorized users.
001444235 520__ $$aThis 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 Samuelsons early work on business cycles analysis, which, drawing on Alvin Hansen, aimed at interpreting the 1937-1938 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 tools that had been developed by the econometricians and the economic content that was at the heart of the so-called Keynesian revolution. The problem then shifted from business cycle trajectories to the disequilibrium between economic aggregates, and the issues raised by the global stability of full employment equilibrium. This was addressed by Oskar Lange, who presented an analysis of market coordination failures, and Lawrence Klein, Samuelson's first PhD student, who pursued empirical work in this direction. The book highlights the various visions and approaches that were embedded in these macro-dynamic models, and that their originality is of interest to today's model builders as well as to students and anyone interested in how new economic ideas come to be developed.
001444235 588__ $$aDescription based upon print version of record.
001444235 650_0 $$aMacroeconomics$$xHistory$$y20th century.
001444235 650_0 $$aEconometric models$$xHistory$$y20th century.
001444235 650_6 $$aMacroéconomie$$xHistoire$$y20e siècle.
001444235 650_6 $$aModèles économétriques$$xHistoire$$y20e siècle.
001444235 655_7 $$aHistory.$$2fast$$0(OCoLC)fst01411628
001444235 655_0 $$aElectronic books.
001444235 7001_ $$aCarret, Vincent,$$eauthor.
001444235 77608 $$iPrint version:$$aAssous, Michaël$$tModeling Economic Instability$$dCham : Springer International Publishing AG,c2022$$z9783030903091
001444235 830_0 $$aSpringer studies in the history of economic thought.
001444235 852__ $$bebk
001444235 85640 $$3Springer Nature$$uhttps://univsouthin.idm.oclc.org/login?url=https://link.springer.com/10.1007/978-3-030-90310-7$$zOnline Access$$91397441.1
001444235 909CO $$ooai:library.usi.edu:1444235$$pGLOBAL_SET
001444235 980__ $$aBIB
001444235 980__ $$aEBOOK
001444235 982__ $$aEbook
001444235 983__ $$aOnline
001444235 994__ $$a92$$bISE