LETTER TO THE EDITORS: THE EMPEROR HAS NO CLOTHES: A REPLY TO GINOUX AND JOVANOVIC

In this letter to the editors of the Journal of the History of Economic Thought, I present my results on Ragnar Frisch’s rocking horse model, published in an earlier issue of the same journal, and detail why the comments by Jean-Marc Ginoux and Franck Jovanovic on my paper have no grounding. I expla...

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Bibliographic Details
Published in:Journal of the History of Economic Thought 2023-09, Vol.45 (3), p.511-519
Main Author: Carret, Vincent
Format: Article
Language:English
Subjects:
Economic history
Economic theory
Laplace transforms
Letter to the Editor
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Summary:In this letter to the editors of the Journal of the History of Economic Thought, I present my results on Ragnar Frisch’s rocking horse model, published in an earlier issue of the same journal, and detail why the comments by Jean-Marc Ginoux and Franck Jovanovic on my paper have no grounding. I explain the role of initial conditions on the amplitude of cycles and trend in Frisch’s solution, and emphasize that my contribution was to show that Frisch built a model where cycles and growth came from the same economic mechanism.
ISSN:1053-8372
0142-7716
1469-9656
DOI:10.1017/S105383722300007X