Michaël Assous
Biographic Data
| ID | 1012364 |
|---|---|
| NAME | Michaël Assous |
| GIVEN NAMES | Michaël |
| FAMILY NAME | Assous |
| SIGNATURE | ASSOUS M |
| AFFILIATIONS | Lyon College |
| ORCID | 0000-0001-7937-7465 |
| VERIFIED | Yes |
| TOTAL WORKS | 9 |
| TOTAL CITATIONS | 2 |
| AUTHOR COUNT | 9 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2006 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 1 |
New growth theory and the formidable revival of the solow model
A micro foundational episode of the early history of macroeconomics
This paper documents an early fork in the development of macroeconomics, by examining a debate between the Dutch economists Jan Tinbergen and Johan Koopmans. In a 1932 paper, Tinbergen argued that two firms could be stuck in a “bad” equilibrium in the absence of a coordinated action to increase employment. Koopmans replied with a paper demonstrating that multiple equilibria in an exchange economy could not be ranked on the basis of their producti…
Moving dynamics beyond business cycles
As soon as 1932, Jan Tinbergen proposed an explanation of the Great Depression based on a specific treatment of unstable processes and multiple equilibria. After his involvement in the early meetings of the Econometric Society, he worked on different dynamic models accounting for this instability. In 1934, he built a macrodynamic model generating new types of economic movements that did not return to a stationary state. This led him in 1936 to co…
The importance of multiple equilibria for economic policy in Jan Tinbergen’s early works
This article provides a comprehensive view of Tinbergen’s macrodynamic models developed during the 1930s and early 1940s, showing how the economist’s concerns evolved from problems of instability to the idea of reaching higher positions of equilibria. Tinbergen built these ideas in the framework of nonlinear models, which he used to shed a new light on several policy problems: wage changes, government expenditure and its relation to pump-priming,…
(In)stability at the Cowles Commission (1939–1948)
Stability analysis touched off extensive discussions at the Cowles Commission between 1939 and 1948. Oskar Lange, later followed by Lawrence Klein and Don Patinkin, among others, advocated for a move from a static analysis aimed at proving the existence of a stationary equilibrium with unemployment towards a dynamic approach exploring stability properties of full employment equilibria. In presence of excess supply of goods and labour with flexibl…
Marx and Kalecki on aggregate instability and class struggle
Michal Kalecki developed his original model of the business cycle in the early 1930s. Several versions referred as versions I, II and III have been developed until the late 1960s from which Kalecki draw three central propositions on instability and class struggle: (1) the capitalist system “cannot break the impasse of fluctuations around a static position” unless it is shocked by “semi-exogenous factors”, (2) the dynamics of the profit rate and i…
Solow's Struggle with Medium-Run Macroeconomics, 1956-95
Robert Solow has called repeatedly for the development of models that combine equilibrium and out-of-equilibrium outcomes, or what he calls medium-run macroeconomics. This essay recounts the history of his various attempts to address that issue. It starts in the early 1950s, when Solow developed his long-run growth model, and ends in the mid-1990s with the publication of A Critical Essay on Modern Macroeconomic Theory written with Frank Hahn. Thi…
Michal Kalecki, um pioneiro da teoria econômica do desenvolvimento
Kalecki made important contributions to development economics, which rank him among the founding fathers of this area of our discipline. The objective of this paper is to give an account of his contributions, and in particular of his conception of the peculiarities and the way of functioning of the underdeveloped economies, and of the barriers that limits their capacity for high and sustained long run growth. As most socialist economists of his t…
Kalecki était-il keynésien avant Keynes
Cet article réexamine une idée reçue qui trouve son origine dans une étude de Patinkin [1982] selon laquelle Kalecki n’aurait pas anticipé la Théorie générale. Les trois arguments principaux avancés par Patinkin sont ainsi discutés et confrontés à son interprétation de la Théorie générale. L’étude d’un article de Kalecki de 1934, que Patinkin ne connaissait pas, montre : i) que Kalecki a construit un modèle statique de sous-emploi qu’il oppose à …
Solow's Struggle with Medium-Run Macroeconomics, 1956-95
Robert Solow has called repeatedly for the development of models that combine equilibrium and out-of-equilibrium outcomes, or what he calls medium-run macroeconomics. This essay recounts the history of his various attempts to address that issue. It starts in the early 1950s, when Solow developed his long-run growth model, and ends in the mid-1990s with the publication of A Critical Essay on Modern Macroeconomic Theory written with Frank Hahn. Thi…
Kalecki était-il keynésien avant Keynes
Cet article réexamine une idée reçue qui trouve son origine dans une étude de Patinkin [1982] selon laquelle Kalecki n’aurait pas anticipé la Théorie générale. Les trois arguments principaux avancés par Patinkin sont ainsi discutés et confrontés à son interprétation de la Théorie générale. L’étude d’un article de Kalecki de 1934, que Patinkin ne connaissait pas, montre : i) que Kalecki a construit un modèle statique de sous-emploi qu’il oppose à …
Michal Kalecki, um pioneiro da teoria econômica do desenvolvimento
Kalecki made important contributions to development economics, which rank him among the founding fathers of this area of our discipline. The objective of this paper is to give an account of his contributions, and in particular of his conception of the peculiarities and the way of functioning of the underdeveloped economies, and of the barriers that limits their capacity for high and sustained long run growth. As most socialist economists of his t…
Solow's Struggle with Medium-Run Macroeconomics, 1956-95
Robert Solow has called repeatedly for the development of models that combine equilibrium and out-of-equilibrium outcomes, or what he calls medium-run macroeconomics. This essay recounts the history of his various attempts to address that issue. It starts in the early 1950s, when Solow developed his long-run growth model, and ends in the mid-1990s with the publication of A Critical Essay on Modern Macroeconomic Theory written with Frank Hahn. Thi…
Marx and Kalecki on aggregate instability and class struggle
Michal Kalecki developed his original model of the business cycle in the early 1930s. Several versions referred as versions I, II and III have been developed until the late 1960s from which Kalecki draw three central propositions on instability and class struggle: (1) the capitalist system “cannot break the impasse of fluctuations around a static position” unless it is shocked by “semi-exogenous factors”, (2) the dynamics of the profit rate and i…
(In)stability at the Cowles Commission (1939–1948)
Stability analysis touched off extensive discussions at the Cowles Commission between 1939 and 1948. Oskar Lange, later followed by Lawrence Klein and Don Patinkin, among others, advocated for a move from a static analysis aimed at proving the existence of a stationary equilibrium with unemployment towards a dynamic approach exploring stability properties of full employment equilibria. In presence of excess supply of goods and labour with flexibl…
The importance of multiple equilibria for economic policy in Jan Tinbergen’s early works
This article provides a comprehensive view of Tinbergen’s macrodynamic models developed during the 1930s and early 1940s, showing how the economist’s concerns evolved from problems of instability to the idea of reaching higher positions of equilibria. Tinbergen built these ideas in the framework of nonlinear models, which he used to shed a new light on several policy problems: wage changes, government expenditure and its relation to pump-priming,…
Moving dynamics beyond business cycles
As soon as 1932, Jan Tinbergen proposed an explanation of the Great Depression based on a specific treatment of unstable processes and multiple equilibria. After his involvement in the early meetings of the Econometric Society, he worked on different dynamic models accounting for this instability. In 1934, he built a macrodynamic model generating new types of economic movements that did not return to a stationary state. This led him in 1936 to co…
A micro foundational episode of the early history of macroeconomics
This paper documents an early fork in the development of macroeconomics, by examining a debate between the Dutch economists Jan Tinbergen and Johan Koopmans. In a 1932 paper, Tinbergen argued that two firms could be stuck in a “bad” equilibrium in the absence of a coordinated action to increase employment. Koopmans replied with a paper demonstrating that multiple equilibria in an exchange economy could not be ranked on the basis of their producti…
New growth theory and the formidable revival of the solow model
Economic Theory and Policy (8 works) · Economics (8 works) · Economic Theory and Institutions (6 works) · Keynesian economics (6 works) · Neoclassical economics (6 works) · Macroeconomics (5 works) · Mathematical economics (5 works) · Economic theories and models (4 works) · Philosophy (3 works) · Business cycle (2 works)