Tag Archives: MIT

The ordinary business of macroeconometric modeling: working on the MIT-Fed-Penn model (1964-1974)

Against monetarism?  In the early days of 1964, George Leland Bach, former dean of the Carnegie Business School and consultant to the Federal Reserve, arranged a meeting between the Board of Governors and 7 economists, including Stanford’s Ed Shaw, Yale’s … Continue reading

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The rise of economics as engineering II: the case of MIT

Edit 2015: since this post was written, a collective volume on the history of economics at MIT has been published. Free drafts of some  chapters: Roy Weintraub’s introduction to the volume; my survey of economics at MIT, 1941-1973; Weintraub on MIT’s openness to … Continue reading

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