By Jan Tinbergen, A. Knoester, A. H. E. M. Wellink
The institute of annual Tinbergen Lectures was once verified through the Royal Netherlands monetary organization in honour of 1 of its maximum contributors, Jan Tinbergen. accumulated during this quantity are the six Tinbergen lectures that have been added from 1987 onwards by means of economists of foreign status. The lectures are preceded by way of a short define in their content material and a bankruptcy facing Tinbergen's club of the Royal Netherlands monetary organization. additionally bankruptcy 3 incorporates a survey of the swap and continuity in Tinbergen's paintings
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Extra info for Tinbergen Lectures on Economic Policy
Forecasting is not a strong side of economics (Tinbergen 1988). Yet, in general, economic forecasts are very useful, especially when phenomena are involved with a long time horizon (Tinbergen 1962-3). The question has been posed whether the relative lack of success of economic forecasts may be due to the fact that - otherwise than in physics economic behaviour is not independent of forecasts published. On this point Tinbergen (1962-3) observes that the form in which the forecasts are presented can make a difference.
A well-known derivative of the theory of the optimal economic order is the convergence theory. Tinbergen (1961-2) developed this theory mainly to lead the discussion on the optimal order in East and West away from hostile dogmatism towards scientific analysis (Tinbergen 1969-1). The convergence theory has an analytical and a normative component. Analytically, Tinbergen describes the main differences between the economic systems of East and West. These relate to the size of the public sector, and the degree of freedom regarding price movements and economic decision-making.
Tinbergen started his work at a 2 In fact, Tinbergen rejoined the Central Bureau of Statistics, having worked there shortly - after finishing his study in physics in 1926 - in fulfillment of his duties as a conscientious objector. As a result, a study was published on the mathematical-statistical methods for business cycle research. (Tinbergen 1927). 30 J. KOL AND P. DE WOLFF time when little empirical information was available. Statistical data were collected and a series of studies was made by Tinbergen, later joined by various colleagues at the Central Bureau of Statistics, on the behaviour of demand as well as supply on markets mostly of individual products such as potato flour, ship building and the stock exchange (Tinbergen 1930, 1931, 1932).
Tinbergen Lectures on Economic Policy by Jan Tinbergen, A. Knoester, A. H. E. M. Wellink