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Economics as a "tooled" discipline : Lawrence R. Klein and the making of macroeconometric modeling : 1939-1959

Abstract : In this disseration, I place macroeconometric modeling at the center of the history of twentieth century macroeconomics, i. e. as e history of macroeconometrics, and ask two central questions : (1) What exactly were the objectives and the forces driving the development of macroeconometric modeling, and what kind of tools and institutions did macroeconomists build to observe, understand, and control the US postwar economy ? (2) What were the effects that the construction and use of these tools had on the production of macroeconomic knowledge ? Taking Lawrence R. Klein as a vehicle, I travel accross the economics discipline of the 1940s and 1950s, and study the intersection between the history of macroeconomics and the history of econometrics, providing a new understanding of twentieth century economics as a "tooled" discipline, in which theory (economy and statistical), application, expertise, and policy become embedded within one scientific tool : a macroeconometric model. Consequently, I present the history of macroeconomics not as the product of monolithic ideological and purely theoretical issues, but rather of divergent epistemological views and modeling strategies that go back to the debates between US-Walrasian and US-Marshallian approaches to empirical macroeconomics in which macroeconometric modeling from the heart of macroeconometrics. My thesis is that Klein what the most important figure in the creation of a new way to produce scientific knowledge that consisted in the construction and use of compex tools (macroeconometric models) within specific institutional configurations (econometric labotories) and for explicit policy and scientific objectives, in which well-defined roles of experts (scientific teams) were embodied within a new scientific practice (macroeconometric modeling).
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Submitted on : Thursday, May 17, 2018 - 11:42:32 AM
Last modification on : Sunday, January 19, 2020 - 6:38:28 PM
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  • HAL Id : tel-01794108, version 1



Erich Pinzón Fuchs. Economics as a "tooled" discipline : Lawrence R. Klein and the making of macroeconometric modeling : 1939-1959. Economics and Finance. Université Panthéon-Sorbonne - Paris I, 2017. English. ⟨NNT : 2017PA01E052⟩. ⟨tel-01794108⟩



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