Background
Edmond Malinvaud was born on 25 April 1923 in Limoges.
Edmond Malinvaud was born on 25 April 1923 in Limoges.
Trained at the Ecole Polytechnique and at the Ecole Nationale de la Statistique et de l'Administration Economique (ENSAE) in Paris, the eclectic Malinvaud was, together with Debreu, a student of France's greatest Walrasian economist, Maurice Allais.
State, Institut National de la Statistique et des Etudes Economiques, France, 1948-1956. Guest, Cowles Commission, University Chicago, 1950-1951. Economics, United Nations Geneva, 1957.
Professor Director, Ecole Nationale de la State et de l’Administration Economics, 1957-1966;
Visiting Professor, University California Berkeley, 1961, 1967. Research Adviser, Institut National de la Statistique et des Etudes Economiques, France, 1967-1971. Director, Direction de la Prévision, 1972-1974.
Director Général, Institut National de la Statistique et des Etudes Economiques, France, Paris, France, since 1974. Co.ed., Econometrica J, 1954-1964. Association Editor, Journal of Economic Theory.
(Pages 80 It is the reproduction of the old book published...)
(Discussions of economic policy argue that an adequate lev...)
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My main concern has been the building of positive theories from systematic observation. But for twenty years, my contributions dealt with easier subjects at the periphery of this concern. Firstly, regarding the normative theory of optimal resources allocation, I worked on the characterisation of price systems supporting efficient infinite horizon programmes, and decentralised planning procedures, in particular for the provision of public goods.
Secondly, regarding the methodology of quantitative economics, I concentrated on the determination of proper rules for the definition of economic statistics and national accounts, unification of econometric methods, asymptotic properties of time series regressions with lagged endogenous variables and serial correlation of errors, proof of consistency of nonlinear regressions, and historical analysis of contemporary French economic growth.
Recent contributions have concerned positive macroeconomic theory: the derivation of the relationship between aggregates from microeconomic specifications. General macroeconomic equilibrium with involuntary unemployment. Dynamic models of unemployment.
The effect of profitability on investment. And the theory of macroeconomic policy formation.