A Tale of Two Cities
Bibliographic Data
| ID | 4296731 |
|---|---|
| Authors | Perry Mehrling (0000-0003-3681-5909, corresponding author) |
| Year | 2010 |
| Volume | 42 |
| Issue | 2 |
| Pages | 201-219 |
| Publication date | 2010-06-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | History of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0018-2702 • E-ISSN: 1527-1919 |
| Publisher | Duke University Press (PUBLISHER • US) |
| DOI | 10.1215/00182702-2010-001 |
| OpenAlex | W4251933183 |
| Language | EN |
| Citations received | 7 |
| References cited | 39 |
Once upon a time, macroeconomics was a field organized around money and the equation of exchange, as in Fisher 1911. Today, the field is organized instead around finance and the intertemporal Euler equation. This article tells the story of how we moved from then to now, a story that revolves around the key role played by Jacob Marschak and the rise of monetary Walrasianism
Economics · Euler's formula · Field (mathematics · Key (lock · Keynesian economics · Mathematical economics · Neoclassical economics · Computer Science · Economic theories and models · Economic Theory and Institutions · Economic Theory and Policy · Mathematics
The efficient market hypothesis and rational expectations macroeconomics. How did they meet and live (happily) ever after
Jacob Marschak and the Cowles approaches to the theory of money and assets
Uncertainty, Profit, and the Limits of Markets
Rationalizing Human Organization in an Uncertain World
Finance in America
MIT and Money
Unlocking the Mystery of the Origins of John von Neumann's Growth Model
Liquidity Preference and the Theory of Interest and Money
Alternative Approaches to the Theory of Choice in Risk-Taking Situations
Asset Prices in an Exchange Economy
Random Simultaneous Equations and the Theory of Production
Liquidity Preference as Behavior Towards Risk
An Engine, Not a Camera
Measurement Without Theory
Money Illusion and Demand Analysis
Is Real-World Price a Tale Told by the Idiot of Chance
The history of econometric ideas. Historical perspectives in modern economics
Methods in Economics
Neumann's and Morgenstern's New Approach to Static Economics
An Equilibrium Model of the Business Cycle
The Theory of Uncertainty and Profit
Introduction toAgreement on Demand
What Was Lost with IS-LM
Les martingales sur les marchés financiers
| Citations per year | 0.44 |
|---|---|
| Citation span | 2010 - 2023 (14) |
| Highly cited | No |