Utility matters: Edmond Malinvaud and growth theory in the 1950s and 1960s

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dc.contributor.authorAssaf, Matheus
dc.contributor.authorPEDRO GARCIA DUARTE
dc.coverage.cidadeSão Paulopt_BR
dc.coverage.paisBrasilpt_BR
dc.creatorAssaf, Matheus
dc.date.accessioned2022-11-16T22:12:04Z
dc.date.available2022-11-16T22:12:04Z
dc.date.issued2018
dc.description.otherThe present-day standard textbook narrative on the history of growth theory usually takes Robert Solow’s 1956 contribution as a key starting point, with extensions on the savings decision (done by David Cass and Tjalling Koopmans in 1965) being the next important development. However, such account is historically misleading because it organizes past developments based on theoretical concerns. Our goal is to tell a richer story about the developments of growth theory from the 1950s to the mid 1960s, in the activity analysis literature that started before Solow’s model and never had him as a central reference. We stress the role played by Edmond Malinvaud, and take his travel from the French milieu of mathematical economics to the Cowles Commission in 1950-1951 and back to France as a guiding line. The rise of turnpike theory in the end of the 1950s generated a debate on the choice criteria of growth programs, opposing the productive efficiency typical of these models to the utilitarian approach supported by Malinvaud and Koopmans. The Vatican Conference of 1963, where Koopmans presented a first version of his 1965 model, was embedded in this debate. We argue that Malinvaud’s (and Koopmans’s) contributions were crucial to steer the activity analysis literature towards a utilitarian analysis of growth paths.pt_BR
dc.format.mediumDigitalpt_BR
dc.identifier.urihttps://repositorio.insper.edu.br/handle/11224/4733
dc.language.isoInglêspt_BR
dc.publisherDepartamento de Economia da Faculdade de Economia, Administração e Contabilidade da Universidade de São Paulopt_BR
dc.rights.licenseO INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DOS USUÁRIOS INDIVIDUAIS VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITORpt_BR
dc.subject.keywordsEdmond Malinvaudpt_BR
dc.subject.keywordsOptimal Growthpt_BR
dc.subject.keywordsTjalling Koopmanspt_BR
dc.subject.keywordsHistory of Growth Theorypt_BR
dc.titleUtility matters: Edmond Malinvaud and growth theory in the 1950s and 1960spt_BR
dc.typeworking paper
dspace.entity.typePublication
local.subject.cnpqCiências Sociais Aplicadaspt_BR
local.typeWorking Paperpt_BR
relation.isAuthorOfPublicationa397960c-5c25-414c-b8f7-f64666b3877d
relation.isAuthorOfPublication.latestForDiscoverya397960c-5c25-414c-b8f7-f64666b3877d

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