Curriculum vitae

DEGREE: PhD in Economics, Université catholique de Louvain, 1973

PRESENT POSITION : Professor Emeritus, Université catholique de Louvain

VISITING POSITIONS:

  • 2021 (Spring): Visiting Professor, LUISS University and Einaudi Institute of Finance and Economics, Rome

  • 2020 (Winter): Visiting Professor, University of Namur

  • 2019 (Fall): Senior Resident, IMéRA, Institute of Advanced Studies, University of Aix-Marseille and Visiting Professor Aix-Marseille School of Economics

  • 2019 (Spring): Visiting Professor, LUISS University and Einaudi Institute of Finance and Economics, Rome

  • 2018 (Spring): Visiting Professor, LUISS University and Einaudi Institute of Finance and Economics, Rome

  • 2018 (Spring): Swiss National Bank, Lecturer

  • 2017 (Fall): Visiting Professor, Aix-Marseille School of Economics

  • 2016 (Spring): Fellow, Center for the History of Political Economy, Duke University, Visiting Professor, Clemson University

  • 2010 (Winter): Visiting Professor ,University of British Columbia,

  • 2008 (Winter): Visiting Professor, Clemson University

  • 2004 (Fall): Visiting Professor, Duke University

  • 2002 (Spring): Visiting Professor, Université de Paris I-Panthéon- Sorbonne.

  • 2001 (Fall): Visiting Professor, Duke University

  • 1998-1999: Visiting Professor, Duke University (Fullbright Fellowship)

  • 1987-1998: Visiting Professor, Université de Paris I-Panthéon-Sorbonne.


FIELDS OF INTEREST:

History of economic thought and in particular history of macroeconomics.


RECENT DISCUSSION PAPERS :

  • The History of Macroeconomics under the Lens of the Marshall-Walras divide”. IRES Discussion Papers. 2018. No. 2018.

  • “Preface to the Chinese Edition of A History of Macroeconomics from Keynes to Lucas and Beyond”. IRES Discussion Papers. 2019.

  • Grounded in Methodology, Certified by Journals: The Rise and Evolution of a Mainstream in Economics (with L. Pensieroso). RES Discussion Papers. 2021. No. 15.

  • What Do We Teach in Macroeconomics? Evidence of a Theoretical Divide (with F. Courtroy and R. Turati). Discussion Papers. 2021. No23.


PAPERS IN PROGRESS

  • Robert Lucas. A Chicago Economist?


BOOKS:

  • Propriété et pouvoir dans les grades entreprises, Brussels, CRISP, 1973.

  • Involuntary Unemployment: The Elusive Quest for A Theory, London, Routlegde, 2004.

  • Keynes, Lucas, d’une macroéconomie à l’autre. Paris, Dalloz, 2009.

  • A History of Macroeconomics, From Keynes to Lucas and Beyond, Cambridge University Press, 2016 (translated into Chinese, Russian and Turkish).


ARTICLES :

To date, I have published one hundred and ten articles. In what follows I list the most significant ones ranked according to their topic.

Papers on Marx

  1. “Value, Production and Exchange” 1981. In I. Steedman et P. Sweezy (eds.), The Value Controversy, New Left Books.

  2. “On the Obsolescence of the Marxian Theory of Value” 1982, Capital and Class, Spring.

  3. “A Regulation Approach Interpretation of the Contemporary Crisis” 1984. Capital and Class.

  4. “La théorie marxiste de la valeur, version travail abstrait. Un bilan critique” 1985. in B. Chavance (ed.), Marx en perspective, Editions de l'école des Hautes Etudes en Sciences Sociales.

Papers on involuntary unemployment

  1. “Involuntary Unemployment. The Missing Piece in Keynes' General Theory” 1997. The European Journal of the History of Economic Thought, No. 2.

  2. “From Labor Rationing to (Involuntary) Unemployment. A Conceptual Elucidation” 1999. Eastern Economic Journal, vol. 25.

  3. “Accounting for Involuntary Unemployment in Neoclassical Theory. Some Lessons from Sixty Years of Uphill Struggle” 1998. In Backhouse, R., Hausman, D., Mäki, U. and A. Salanti (eds.) for the International Economic Association, Economics and Methodology: Crossing Boundaries, Macmillan.

  4. “Can Slowly Adjusting Wages Explain Involuntary Unemployment? A Critical Re-examination of Patinkin’s Theory of Involuntary Unemployment” 2000. European Journal of the History of Economic Thought, vol. 9.

  5. “Lucas on Involuntary Unemployment” 2004. Cambridge Journal of Economics, vol. 28.

Papers on the history of macroeconomics

  1. “IS-LM ‘à la Hicks’ versus IS-LM ‘à la Modigliani” 2000. History of Political Economy, vol. 32, N°2. (reprinted in J. Cunningham Wood (ed.), Sir John Hicks, Critical Assessments of Contemporary Economists, 2nd series, Routledge 2006).

  2. “Price Rigidity and Market Clearing. A Conceptual Clarification” 2000. Cambridge Journal of Economics, vol. 25, n°5.

  3. “Friedman and Lucas on the Phillips Curve: from a Disequilibrium to an Equilibrium Approach”.2001. Eastern Economic Journal, vol. 27, n°2.

  4. “The History of Macroeconomics Viewed Against the Background of the Marshall-Walras Divide” 2004. In M. De Vroey and K. Hoover (eds.), The IS-LM Model. Its Rise, Fall and Strange Persistence. Annual Supplement to Volume 36, History of Political Economy, Duke University Press, Durham and London.

  5. “Have the Early Coordination Failures Models Achieved Keynes’s Programme?” 2005. Revue d’économie politique, vol. 115.

  6. “Real Business Cycle Theory and the Great Depression: The Abandonment of the Abstentionist Viewpoint” 2006. Contributions to Macroeconomics: Vol. 6: No. 1, Article 13 (with Luca Pensieroso).

  7. “Did the Market-clearing Postulate Pre-exist New Classical Economics? The Case of Marshallian Theory” 2007. The Manchester School, vol. 75.

  8. “On the Right Side for the Wrong Reason: Friedman on the Marshall-Walras divide” 2009. In U. Maki (ed.), The Methodology of Positive Economics. Milton Friedman’s Essay Fifty Years Later. Cambridge University Press.

  9. “Getting Rid of Keynes? A Reflection on the History of Macroeconomics” 2010. in R. Dimand, R. Mundell, and A. Vercelli (eds.), Keynes's General Theory After Seventy Years, Palgrave-Macmillan.

  10. “Monetarism and Market Clearing” 2010. In Leeson R. (ed.), David Laidler’s Contributions to Economics, Palgrave MacMillan.

  11. “Dead or Alive? The Ebbs and Flows of Keynesianism over the History of Macroeconomics”. 2012. In T. Cate (ed.), The General Theory: Seventy-five years later, Edward Elgar.

  12. “Microfoundations: A Decisive Dividing Line between Keynesian and New Classical Macroeconomics”? 20012. In P. Garcia Duarte and G. Tadeu Lima (eds.), Microfoundations Reconsidered: The Relationship of Micro and Macroeconomics in Historical Perspective, Edward Elgar.

  13. “From The Keynesian Revolution to the Klein-Goldberger Model: Klein and the Dynamization of Keynesian Theory” 2012. History of Economic Ideas, vol. XX No 2.

  14. “In Search of Lost Time: The Neoclassical Synthesis” 2013. The B.E. Journal of Macroeconomics, vol. 13 (with Pedro Garcia Duarte).

  15. “The History of Macroeconomics from Keynes’s General Theory to the Present” 2016. In Faccarello, G. and H. Kurz (eds.), Handbook of the History of Economic Analysis, Edward Elgar, vol. 3 (with P. Malgrange).

  16. “The History of Macroeconomics under the Lens of the Marshall-Walras Divide”. 2018. University of Louvain, IRES Discussion Papers

  17. “Preface to the Chinese Edition of A History of Macroeconomics from Keynes to Lucas and Beyond”. 2019. University of Louvain, IRES Discussion Papers.

Papers on Marshall, Walras and the Marshall-Walras divide

  1. “La possibilité d'une économie décentralisée. Esquisse d'une alternative à la théorie de l'équilibre general” 1987. Revue économique, July.

  2. “The Base-Camp Paradox: A Reflection on the Place of Tâtonnement in General Equilibrium Theory”1990. Economics and Philosophy, Fall.

  3. “Is the Tâtonnement Hypothesis a Good Caricature of Market Forces”? 1998. Journal of Economic methodology, vol. 5

  4. “Marshall on Equilibrium and Time. A Reconstruction”. 1999. European Journal of the History of Economic Thought, vol. 7.

  5. “Transforming Walras into a Marshallian Economist. A Critical Review of Donald Walker’s Walras’s Market Models”. 1999. Journal of the History of Economic Thought., vol. 21, No. 4.

  6. “Equilibrium and Disequilibrium in Economic Theory. A Comparison of the Classical, Marshallian and Walras-Hicksian Conceptions”. 1999. Economics and Philosophy, vol. 15.

  7. “The Marshallian Market and the Walrasian Economy. Two Incompatible Bedfellows”. 1999. Scottish Journal of Political Economy, vol. 46, No 3.

  8. “Keynes and the Marshall-Walras Divide”.1999. Journal of the History of Economic Thought, vol. 21, No 2.

  9. “Equilibrium and Disequilibrium in Walrasian and Neo-Walrasian Economics”. 2002. Journal of the History of Economic Thought, vol. 24.

  10. “Perfect Information à la Walras versus Perfect Information à la Marshall”. 2003. Journal of Economic Methodology, vol. 10.

  11. “Did the Market-clearing Postulate Pre-exist New Classical Economics? The Case of Marshallian Theory”. 2007. The Manchester School, vol. 75.

  12. “A Marshall-Walras Divide? A Critical Review of the Prevailing Viewpoints”. 2009. History of Political Economy, vol. 41.

  13. “On the Right Side for the Wrong Reason: Friedman on the Marshall-Walras divide”. 2009. In U. Maki (ed.), The Methodology of Positive Economics. Milton Friedman’s Essay Fifty Years Later. Cambridge University Press.

Papers on search theory

  1. “From One to Many Islands: The Emergence of Search and Matching Models.” 2012. The Bulletin of Economic Research, vol.64 (3) (with Anna Batyra).2016.

  2. “The Integration of Search in Macroeconomics: Interviews with David Andolfatto, Peter Diamond and Monika Merz.” 2016. University of Louvain, IRES Discussion Paper, N° 2016-13 (with S. Danthine).

  3. “The Integration of Search in Macroeconomics: Two Alternative Paths”. 2017. The Journal of the History of Economic Thought. vol. 39 (04) (with S. Danthine).

Assessment of present-day economics

  1. “The structure of Scientific Revolutions and the Economic Science”. 1974. Communication and Cognition, vol. 7, N° 1.

  2. “La théorie économique est-elle au service du libéralisme?” 2002. Economies et sociétés, vol. 36. (reprinted in Problèmes Economiques, La Documentation française 2003, No3, September ).

  3. “Les libéralismes économiques et la crise”. 2009. Revue française d'économie, vol. XXIV, October (Spanish translation, “El Liberalismo y la crisis”, Lecturas de Economia, 2009, N°70).

  4. “Lucas on the Relationship Between Ideology and Theory”. 2011. Economics, The Open-Access, Open-Assessment E-Journal, 1, vol. 5. |http://dx.doi.org/10.5018/economics-ejournal.ja.2011-4

  5. “What Can Civil Society Expect from Academic Macroeconomics”? 2013. University of Louvain, IRES Discussion Paper, N° 2013-22.

  6. “La question du pluralisme en économie. Une mise en perspective”. 2018. Regards économiques (with L. Pensieroso).

  7. “Mainstream Economics. Its Rise and Evolution”. 2020. University of Louvain, (with L. Pensieroso), mimeo.

  8. “Mainstream et pluralisme en économie Une réponse au rapport de Rethinking Economics Belgium”. 2020. Regards économiques, Focus.

  9. “Teaching Macroeconomics: the Undergraduate/Graduate Textbooks Discrepancy” (with F. Courtoy and R. Turati), work in progress.

History of economics. Miscellaneous

  1. “The Transition from Classical to Neo-Classical to Neo-Classical Economics. A Scientific Revolution”. 1975. Journal of Economic Issues, September.

  2. “Inflation : A Non-Monetarist Monetary Interpretation”. 1984. Cambridge Journal of Economics, December.

  3. “Histoire de l'analyse économique”. 1990. In X. Greffe, J. Mairesse, J.L. Reiffers (eds.), Encyclopédie économique, Paris, Economica.

  4. “J.R. Hicks on Equilibrium and Disequilibrium. Value and Capital Revisited”. 1999. History of Economics Review, Winter

  5. “The History of Economic Thought the French Way” 2002. European Journal of the History of Economic Thought, vol. 9.

  6. “ Hicks Against Hicks”. 2006, The European Journal of the History of Economic Thought, vol. 13.

  7. “Bibliometric versus Inside-Knowledge History? An Assessment of Claveau and Gingras’s ‘Macrodynamics of Economics: A Bibliometric History’.” 2016. University of Louvain, IRES Discussion Paper, No. 2016-33.


BOOK REVIEWS :

I have written twenty-eight books reviews. The following are the most recent ones.

  • 2020. “Should the History of Macroeconomics Steer clear of the Fray or be Partisan? A Critical Essay on Banks and Finance in Modern Macroeconomics by B. Ingrao and C. Sardoni” forthcoming in Cahiers d’économie politique.

  • 2018. C. Pignol, La théorie de l’équilibre général. In Cahiers d’économie politique, No.74, :197-205.

  • 2017. J. Forder, Macroeconomics and the Phillips Curve Myth. In History of Political Economy, Vol. 49. No. 4, pp. 722-726.

  • 2017. D. Walker and J. van Daal. Léon Walras: Elements of Theoretical Economics or The Theory of Social Wealth. In Journal of the History of Economic Thought. March Issue.

  • 2016. R. Dimand, James Tobin, 2014, Palgrave Macmillan. History of Economic Ideas, XXX. No. 1.

  • 2014. “Backhouse and Boianovsky on ‘Disequilibirum Economics’. A Review Article of Transforming Modern Economics. Explaining Disequilibrium Microfoundations. 1956-2003. The European Journal of History of Economic Thought. 21: 724-742.