LETTER TO THE EDITORS: SOLVING VINCENT CARRET’S PUZZLE: A REBUTTAL OF CARRET’S FALLACIES AND ERRORS

In his article published in JHET in 2022, Vincent Carret (2022a) criticizes our work. In footnote 19, pages 630–631, he claims that our result “is based on a mistaken interpretation of the paragraph at the bottom of p. 191 of Frisch (1933).” He then states that we “take to mean that the coefficient...

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Bibliographic Details
Published in:Journal of the History of Economic Thought 2023-09, Vol.45 (3), p.503-510
Main Authors: Ginoux, Jean-Marc, Jovanovic, Franck
Format: Article
Language:English
Subjects:
Econometrics
Economic activity
Economic history
Economic justification
Economic theory
Economics and Finance
Humanities and Social Sciences
Hypotheses
Letter to the Editor
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Summary:In his article published in JHET in 2022, Vincent Carret (2022a) criticizes our work. In footnote 19, pages 630–631, he claims that our result “is based on a mistaken interpretation of the paragraph at the bottom of p. 191 of Frisch (1933).” He then states that we “take to mean that the coefficient of each cycle in the general sum of solutions is arbitrary, while … these coefficients [depended] on initial conditions and the parameters of the system.” The present rejoinder aims at rebutting Carret’s allegation of mistaken interpretation in our work. We demonstrate that his statements are based on a misunderstanding of Frisch’s econometric model and approach. Then, we show that Carret’s results are not supported by the demonstration he claims to have made, and that he misrepresents our arguments.
ISSN:1053-8372
0142-7716
1469-9656
DOI:10.1017/S1053837223000068