TRYGVE HAAVELMO AT THE COWLES COMMISSION
Econometric Theory, 2015, vol. 31, issue 1, 1-84
The article reviews the early history of the Cowles Commission (CC), its close and intertwined relations with the Econometric Society (ES), and the influence and guidance of Ragnar Frisch. It provides detail on three rounds of choosing a research director for CC in 1937â€“38, in 1939 and, particularly, at the end of 1942. Haavelmoâ€™s work in the early 1940s came to play a major role for the econometric research at the Cowles Commission under Jacob Marschak as research director 1943â€“48. The article points to the importance of Abraham Wald and Jacob Marschak for the success of Haavelmoâ€™s venture and its influence and tells the story of how it came about that Haavelmoâ€™s ideas were adopted, applied, and disseminated by the Cowles Commission. Thus the mention of Trygve Haavelmo in the title is referring also to his econometric ideas. The ideas themselves and their further evolvement at the CC have been a dominating theme in the history of econometrics literature, e.g., Hildreth (1986), Epstein (1987), Morgan (1990), Qin (1993), and Christ (1994). The article discusses the recruitment, the inner workings, and various other concerns of the Cowles econometricians, from Marxism to Black Magic. It recounts at some length the efforts made by Marschak to recruit Abraham Wald to the University of Chicago and the Cowles Commission. The article can be read as a sequel to Bjerkholt (2005, 2007).
References: Add references at CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed
Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)
Working Paper: Trygve Haavelmo at the Cowles Commission (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cup:etheor:v:31:y:2015:i:01:p:1-84_00
Access Statistics for this article
More articles in Econometric Theory from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Keith Waters ().