Trading Economics Across the Atlantic: Jan Tinbergen and Milton Friedman

FOUR CENTURIES OF DUTCH-AMERICAN RELATIONS, 1609-2009, pp.773-784, Hans Krabbendam, Cornelis A. van Minnen, and Giles Scott-Smith, eds., State University of New York Press

12 Pages Posted: 8 Sep 2009

See all articles by Hendrik P. van Dalen

Hendrik P. van Dalen

Tilburg University, CentER; Netherlands Interdisciplinary Demographic Institute (NIDI)

Arjo Klamer

Erasmus University Rotterdam (EUR) - Faculty of History and Arts

Date Written: September 8, 2009

Abstract

Jan Tinbergen and Milton Friedman were both very much inspired making economic theory work, applying it in service of society. The Tinbergen approach - the economist as Social Engineer - was exported to Chicago in the 1940s where one of Tinbergen’s students - Tjalling Koopmans - became a prominent member of the Cowles Commission, where his method and style clashed with the Economics Department dominated by Milton Friedman who was a public intellectual. Koopmans preferred the Walrasian method of looking at economics whereas Friedman relied on a Marshallian, partial equilibrium approach. With Friedman’s departure from Chicago in 1977 his method and approach disappeared. The work of Koopmans and the Cowles Commission more generally formed the basis for New Classical Economics and came to dominate the practice of economics. The irony of these two icons of economics is that they produced disciples who carried their initiative too far.

Keywords: economic thought, Friedman, Tinbergen, economists

JEL Classification: B16, B31, B4, A11, A14

Suggested Citation

van Dalen, Hendrik P. and Klamer, Arjo, Trading Economics Across the Atlantic: Jan Tinbergen and Milton Friedman (September 8, 2009). FOUR CENTURIES OF DUTCH-AMERICAN RELATIONS, 1609-2009, pp.773-784, Hans Krabbendam, Cornelis A. van Minnen, and Giles Scott-Smith, eds., State University of New York Press, Available at SSRN: https://ssrn.com/abstract=1469887 or http://dx.doi.org/10.2139/ssrn.1469887

Hendrik P. Van Dalen (Contact Author)

Tilburg University, CentER ( email )

Tilburg University
P.O. Box 90153
Tilburg, NL-5000 LE
Netherlands
+13 4668982 (Phone)

HOME PAGE: http://www.tilburguniversity.nl/webwijs/show/?uid=h.p.vandalen

Netherlands Interdisciplinary Demographic Institute (NIDI) ( email )

P.O. Box 11650
NL-2502 AR The Hague
Netherlands
+70 356 5237 (Phone)
+70 364 7187 (Fax)

HOME PAGE: http://www.nidi.knaw.nl/en/staff/vandalen/

Arjo Klamer

Erasmus University Rotterdam (EUR) - Faculty of History and Arts ( email )

P.O. Box 1738
Rotterdam NL-3000 DR
Netherlands
+3110 - 4081808 (Phone)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
296
Abstract Views
1,405
rank
126,932
PlumX Metrics