Journal Article Central Planning in the Netherlands Get access J. Tinbergen J. Tinbergen The Hague, Holland Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 15, Issue 2, 1947, Pages 70–77, https://doi.org/10.2307/2295994 Published: 01 September 1947

Econometric Business Cycle Research J. Tinbergen J. Tinbergen The Hague, Holland Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 7, Issue 2, February 1940, Pages 73–90, https://doi.org/10.2307/2967472 Published: 01 February 1940

I. Scope of the paper, 397. — The credit market, 397. — Model A, 400. — Model B, 403. — Model C, 403. — Model D, 404. — Income lags, 405. — Ex-ante and ex-post concepts, 406. — The determinants of active savings, 409. — The determinants of depreciation allowances, 411. —The determinants of credit creation, 412, — Purchase and sale of securities, 412. — The demand side: new investment, 413; reinvestment, 414; cash holdings, 415. — Length of the elementary period, 417. — Keynes on the classical authors: savings, 418; net flow and gross flow, 420. — II. The markets for long and short credits, 423. — The demand for short credits, 424. — The supply of short credits, 425. — The demand for long credits, 426. — The supply of long credits, 426. — The cychcal behavior of interest rates, 427. — Interest rates in the principal countries: differences in level, 432; characteristics of movements, 432. — Econometric analysis, 433. — Interest rates and the price level, 434. — Physical determinants of the interest rate, 436. — Explaining the cyclical movement of interest rates, 437.

Also published in: Joseph Berechman et al. (Eds), Transport and Land Use, Elgar Reference Collection Modern Classics in Regional Science Vol.2, Edward Elgar, Cheltenham, 1996, pp. 524-532. Also: Reprint No.5, Netherlands Economic Institute, Rotterdam, 1957

It is certainly true to say that the present situation is unfortunate -the situation with respect to the use of mathematics in economic science -and improvement may be obtained as a consequence of a clearer understanding of the functions of mathematics. I very much welcome the attempt made by Dr. Novick, although I am inclined to put things somewhat differently. To what extent there is between us only a difference in wording and to what extent one of substance, I do not quite see. Therefore let me give my own view in my own words. The functions of mathematical treatment in economic research may perhaps best be discussed on the basis of a breakdown into various elements of a complete piece of econometric research. Not all pieces of important economic analysis are by necessity also complete: sometimes certain elements are absent, as a consequence of the special features of the problem handled. I do not want to say therefore that every contribution to economic science should show all the elements to be enumerated; but the function of mathematics becomes clearer if we consider this complete set of elements.

textabstractAlso in: Horst Hanusch (Ed.), The Legacy of Joseph Schumpeter, Vol. 1: Intellectual Legacies in Modern Economics, Edward Elgar, Aldershot, 1999, pp. 23-25

For descriptions of curves, see footnote to Chart 7. Equation found: