The 1955 Paris conference on econometrics and the transformations in non-linear macrodynamics

Le colloque international d’économétrie de Paris de 1955 et les transformations de l’analyse macrodynamique non-linéaire

Michaël Assous () and Alain Raybaut
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Michaël Assous: TRIANGLE - Triangle : action, discours, pensée politique et économique - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - IEP Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique

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Abstract: The international econometrics conference organized by the CNRS in May 1955 constitutes a moment of confrontation between two major approaches to macro dynamics, one, often described as "non-linear," based on the use of functional models and the the other, "linear," articulated with stochastic models. Very quickly, this episode faded away as the second approach subsequently dominated the first. This conference, however, reveals that the future was not written and that the field of possibilities for macroeconomics, in 1955, remained open.

Keywords: Macrodynamics; Instability; Macrodynamique; Instabilité; Cycles; William Baumol; Lawrence Klein; Maurice Allais (search for similar items in EconPapers)
Date: 2024
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Published in Revue d'histoire de la pensée économique, 2024, 2024/2 (18), pp.153-186. ⟨10.48611/isbn.978-2-406-17694-7.p.0153⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05512620

DOI: 10.48611/isbn.978-2-406-17694-7.p.0153

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