European Economics and the Early Years of the 'International Seminar on Macroeconomics'
Center for the History of Political Economy at Duke University Working Paper Series
32 Pages Posted: 7 Jan 2020
Date Written: December 16, 2019
The International Seminar on Macroeconomics (ISoM) is an annual conference, which was co-sponsored, during 15 years (1978-1993) by the French EHESS and the NBER. This article uncovers the scientiﬁc and institutional dynamics unrolling from this cooperation. The ISoM, we argue, constituted a decisive step towards the making of a European network of economists, sharing a distinctive style of economics, insofar that the Seminar gathered macroeconomists who were leading the development of this European network. We illustrate how the ISoM stands at the crossroad of two types of ‘internationalisation’ of economics: on the one hand, the integration of European national communities; on the other hand, the process of ‘Americanisation’ of economics. While existing literature on ‘internationalisation’ focuses on the national level, our contribution investigates its European level. Moreover, we unveils the key role played in this process by macroeconomics — and more speciﬁcally, large-scale macroeconometric modelling on the one hand, and the disequilibrium theory on the other hand. These two approaches provided a common research agenda and shared scientiﬁc standards for the emerging network.
Keywords: History of macroeconomics, NBER, International Seminar on Macroeconomics, EHESS, Disequilibrium theory
JEL Classification: A11, A14, B22, B30
Suggested Citation: Suggested Citation