IDEAS home Printed from https://ideas.repec.org/p/osf/socarx/5wam6.html
   My bibliography  Save this paper

Solving Vincent Carret’s Puzzle: A Rebuttal of Carret’s Fallacies and Errors

Author

Listed:
  • Ginoux, Jean-Marc
  • Jovanovic, Franck

Abstract

In his article published in JHET in 2022, Vincent Carret (2022a) criticizes our work. In footnote 19 pages 630-1, he claims that our result “is based on a mistaken interpretation of the paragraph at the bottom of p. 191 of Frisch (1933).” He then states that we “take to mean that the coefficient of each cycle in the general sum of solutions is arbitrary, while […] these coefficients [depended] on initial conditions and the parameters of the system.” The present rejoinder aims at rebutting Carret’s allegation of mistaken interpretation in our work. We demonstrate that his statements are based on a misunderstanding of Frisch’s econometric model and approach. Then, we show that Carret’s results are not supported by the demonstration he claims to have made, and that he misrepresents our arguments.

Suggested Citation

  • Ginoux, Jean-Marc & Jovanovic, Franck, 2023. "Solving Vincent Carret’s Puzzle: A Rebuttal of Carret’s Fallacies and Errors," SocArXiv 5wam6, Center for Open Science.
    • Handle: RePEc:osf:socarx:5wam6
    DOI: 10.31219/osf.io/5wam6
    as

    Download full text from publisher

    File URL: https://osf.io/download/64610e5c7533712aee9400b5/
    Download Restriction: no
    File URL: https://libkey.io/10.31219/osf.io/5wam6?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Michaël Assous & Vincent Carret, 2022. "Modeling Economic Instability," Springer Studies in the History of Economic Thought, Springer, number 978-3-030-90310-7, June.
    2. Muriel Dal-Pont Legrand & Hagemann Harald, 2007. "Business cycles in Juglar and Schumpeter," Post-Print halshs-00454505, HAL.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jean-Marc Ginoux & Franck Jovanovic, 2022. "Solving Vincent Carret's Puzzle: A Rebuttal of Carret's Fallacies and Errors," Working Papers hal-03849582, HAL.
    2. Pomfret, Richard, 2010. "The financial sector and the future of capitalism," Economic Systems, Elsevier, vol. 34(1), pages 22-37, March.
    3. Dal Pont Legrand, Muriel & Hagemann, Harald, 2017. "Business Cycles, Growth, And Economic Policy: Schumpeter And The Great Depression," Journal of the History of Economic Thought, Cambridge University Press, vol. 39(1), pages 19-33, March.
    4. Muriel Dal-Pont Legrand & Harald Hagemann, 2015. "Can Recessions be 'Productive'? Schumpeter and the Moderns," GREDEG Working Papers 2015-23, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    5. Dirk-Hinnerk Fischer & Hovhannes Yeritsyan, 2018. "A Common Misunderstanding about Capitalism and Communism Through the Eyes of Innovation," Economic Thought, World Economics Association, vol. 7(2), pages 1-14, November.
    6. Harald Hagemann, 2010. "L. Albert Hahn’s economic theory of bank credit," Department of Economics Working Papers wuwp134, Vienna University of Economics and Business, Department of Economics.
    7. Vadim Kufenko & Niels Geiger, 2016. "Business cycles in the economy and in economics: an econometric analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 107(1), pages 43-69, April.
    8. Bogdan-Lucian DOSPINESCU, 2016. "Business Cycles – Electoral Cycles. The Influence Of The Economy On Vote Intention In Local Elections In Romania," Romanian Economic Business Review, Romanian-American University, vol. 11(2), pages 123-132, June.
    9. Mark Knell, 2015. "Schumpeter, Minsky and the financial instability hypothesis," Journal of Evolutionary Economics, Springer, vol. 25(1), pages 293-310, January.
    10. de Groot, E.A. & Segers, R. & Prins, D., 2021. "Disentangling the enigma of multi-structured economic cycles - A new appearance of the golden ratio," Technological Forecasting and Social Change, Elsevier, vol. 169(C).
    11. Roger Tsafack Nanfosso & Juliana Hadjitchoneva, 2022. "Economic theory facing COVID-19: From Joseph Schumpeter to Robert Solow," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 54-74.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:osf:socarx:5wam6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: OSF (email available below). General contact details of provider: https://arabixiv.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.