Edmond Malinvaud (born April 25, 1923 in Limoges) is a French economist. He was the first president of the Pontifical Academy of Social Sciences.Trained at the Ecole Polytechnique and at the Ecole Nationale de la Statistique et de l'Administration Economique (ENSAE) in Paris, Malinvaud was, like Gérard Debreu, a student of Maurice Allais.In 1950, Malinvaud left Allais to join the Cowles Commission in the United States. At Cowles, Malinvaud produced work in many directions. His famous article, "Capital Accumulation and the Efficient Allocation of Resources" (1953), provided an intertemporal theory of capital for general equilibrium theory and introduced the concept of dynamic efficiency. He became director of the ENSAE (1962–1966), director of the forecast department of French Treasury (1972–1974), director of the INSEE (1974–1987) and Professor at the Collège de France (1988–1993).He also worked on uncertainty theory, notably the theory of "first order certainty equivalence" (1969) and the relationship between individual risks and social risks (1972, 1973). His 1971 microeconomics textbook and his econometrics textbook, Statistical Methods in Econometrics, have since become classics.Malinvaud's main contribution to macroeconomics is represented in his slim 1977 book, Theory of Unemployment Reconsidered which provided a clear and unified reconstruction of dynamic "disequilibrium" macroeconomics; this theory built on previous results of Clower, Leijonhufvud, and "Non-Walrasian" theory. Malinvaud's influence on the subsequent generation of European economists has been profound.
Fecha de nacimiento
1923-04-25
Año de nacimiento
1923
Descripción descriptiva
Edmond Malinvaud (right), next to Yves Balasko (center) and Gérard Debreu, in 1977
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