2008/04/25 by Robert W. Dimand · 2 citations
Economics, Econometrics and Finance · #Business cycle #Diagrammatic reasoning #Economic Theory and Institutions #Economic Theory and Policy #Economic theories and models #Economics #History of economic thought #Keynesian economics #Macroeconomics #Mathematical economics #Monetary policy #Monetary theory #Neoclassical economics #Philosophy
paper · doi:10.1057/9780230226203.1009
openalex publication_date 2008/04/25 · openalex created_date 2025/10/10 · openalex updated_date 2026/04/15
Macroeconomics, the analysis of economic aggregates, became a recognized field with Keynes’s General Theory (1936) and its mathematical and diagrammatic reformulations, and the macroeconometric modelling pioneered by Tinbergen and Frisch. Macroeconomics grew out of two long-standing traditions: business cycle analysis from Jevons and Juglar to Mitchell, and monetary theory, building on the work of Hume, Thornton, Ricardo, Wicksell, and Fisher, supplemented by the circular flow analysis of Quesnay and Marx.