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

See all articles by Aurélien Goutsmedt

Aurélien Goutsmedt

University of Quebec at Montreal (UQAM)

Matthieu Renault

Université Côte d'Azur CNRS-GREDEG

Francesco Sergi

Université Paris Est Créteil, LIPHA

Date Written: December 16, 2019

Abstract

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

Goutsmedt, Aurélien and Renault, Matthieu and Sergi, Francesco, European Economics and the Early Years of the 'International Seminar on Macroeconomics' (December 16, 2019). Center for the History of Political Economy at Duke University Working Paper Series, Available at SSRN: https://ssrn.com/abstract=3504731 or http://dx.doi.org/10.2139/ssrn.3504731

Aurélien Goutsmedt (Contact Author)

University of Quebec at Montreal (UQAM) ( email )

PB 8888 Station DownTown
Succursale Centre Ville
Montreal, Quebec H3C3P8
Canada

Matthieu Renault

Université Côte d'Azur CNRS-GREDEG ( email )

250 rue Albert Einstein
Valbonne, 06560
France

Francesco Sergi

Université Paris Est Créteil, LIPHA ( email )

61 avenue du General de Gaulle
Créteil Cede, 94010
France

HOME PAGE: http://lipha.u-pec.fr/membres/membres-permanents/sergi-francesco-909980.kjsp?RH=1222865797626

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