Abstract
It is now about twenty-five years ago when Professor Tinbergen started his work in eneva, under the auspices of the League of Nations, to verify empirically the validity f a number of competing business cycle theories. The League had not been a success in olitical affairs, but there were other areas in which it took happier and more successful nitiatives. This project was, I think, one of them. It was a double project and Professor aberler was in charge of the other half. His task was to survey and to analyze existing heories as such, that is, at the theoretical rather than the empirical level and his results ere laid down in the now-famous book Prosperity and Depression. Tinbergen’s results ere published under the title Statistical Testing of Business Cycle Theories in two olumes, the first of which was called A Method and Its Application to Investment Activity and the second Business Cycles in the United States, 1919–1932.
This article first appeared in De Economist 111 (1963), 241-262. Reprinted with the permission of H.E. Stenfert Kroese B.V.
Special University Lecture read at the London School of Economics on December 3, 1962.
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© 1992 Springer Science+Business Media Dordrecht
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Theil, H. (1992). A Reconsideration of the Keynes-Tinbergen Discussion on Econometric Techniques. In: Raj, B., Koerts, J. (eds) Henri Theil’s Contributions to Economics and Econometrics. Advanced Studies in Theoretical and Applied Econometrics, vol 23. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-2546-8_32
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