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About the role, in older days, of econometrics in quantitative economics

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  • Edmond Malinvaud

Abstract

Coming after recent contributions on the history of econometric ideas, my testimony as an old econometrician first touches on the early relations between quantitative economics and economic theory, both in France during the thirties and around the Cowles Commission in Chicago during the late forties. The main part of the paper aims at showing how essential roles were later played by the emergence of a system of concepts, and by discussions about the potentials of macroeconometric models for testing theories, forecasting trends or still analysing contemplated policies.

Suggested Citation

  • Edmond Malinvaud, 2007. "About the role, in older days, of econometrics in quantitative economics," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 14(3), pages 423-448.
    • Handle: RePEc:taf:eujhet:v:14:y:2007:i:3:p:423-448
    DOI: 10.1080/09672560701570336
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    References listed on IDEAS

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    1. Ronald G. Bodkin & Lawrence R. Klein & Kanta Marwah, 1991. "A History of Macroeconometric Model-Building," Books, Edward Elgar Publishing, number 51.
    2. Olav Bjerkholt (ed.), 1995. "Foundations of Modern Econometrics," Books, Edward Elgar Publishing, volume 0, number 46.
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