History

Macro once again, or "it is history, stupid"

                          The blogosphere experiences another burst of historical/methodological discussions about macroeconomics: was new cla ssical macroeconomics of Lucas and Sargent, among others, an empirical or methodological revolution? Read more

HES 2014: It made a happy man very old!

This year, the History of Economics Society (HES) meeting was organized at the University of Quebec at Montreal. The meeting was, on the whole, a nice affair, there were plenty of interesting sessions, I reconvened with old friends and was able to present there my latest work and receive constructive comments. Read more

We Can Blog it!

  The more reflexive mode brought by the financial crisis to macroeconomics made economists more outspoken about methodological, historical and sociological issues: how have we come to the DSGE dogma? What are its limitations? How can we produce alternative knowledge? Do publishing practices favor a "monolithic" thinking, and if so, how can we change it? What about the graduate training in economics? Read more

Piketty and thinking about economics

There is a new economics rock-star touring the US by all accounts, and his name is Thomas Piketty. More precisely, the star of the show is Picketty's Capital in the Twenty-First century which is a 700-page volume on wealth distribution in 30 countries over decades and centuries of data. Read more

The Birth of the Schilling and Deutschmark: A History of Austrian and German Currency Reforms, 1947-1948

Project Leader: 

The aim of this project is to provide a better understanding of the processes that accompanied the reforms of the Austrian schilling in 1947 and the birth of the deutschmark in 1948. No historical accounts have yet merged archival sources with financial data from banks and markets, nor have any adopted a comparative approach that compares the two reforms.

Thomas Scheiding: A history of scholarly communication in economics

We invited Thomas Scheiding from Cardinal Stritch University to review what we know about the scholarly communication process in economics. Tom has written forcefully on the history and economics of economic literature (see for instance, his 2009 JEM article). His latest is a study of the scholarly communication process in physics (an article in Studies).

From Innovation to Financial Market Failure: An Anatomy of 18th Century Mortgage-Backed Securities

Project Leader: 

This project studies securitization in the 18th century. In this era, mortgage-backed securities were a financial innovation, which created a bubble both in financial and real estate markets. This study aims to explore this innovation in order to understand the effects of securitization on financial and real markets.