Edmond Malinvaud was born on April 25, 1923 in Limoges. He was the first president of the Pontifical Academy of Social Sciences. is the 115th day of the year (116th in leap years) in the Gregorian calendar. ... Year 1923 (MCMXXIII) was a common year starting on Monday (link will display the full calendar) of the Gregorian calendar. ... This article is about the French commune. ... History The Pontifical Academy of Social Sciences was established by the Holy Father John Paul II on 1 January 1994 (AAS 86 [1994], 213), with the aim of promoting the study and progress of the social sciences, primarily economics, sociology, law and political science. ...

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. 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 College de France (1988-1993). In 1950, Malinvaud left Allais to join the Cowles Commission in the United States. For other Écoles Polytechniques, see École Polytechnique de Montréal and École Polytechnique Fédérale de Lausanne. ... The École Nationale de la Statistique et de lAdministration Économique (ENSAE) is one of the French Grandes Ecoles of engineering. ... Maurice Allais (born May 31, 1911) was the 1988 winner of The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for his pioneering contributions to the theory of markets and efficient utilization of resources. ... The École Nationale de la Statistique et de lAdministration Économique (ENSAE) is one of the French Grandes Ecoles of engineering. ... INSEE is the French abbreviation for the French National Institute for Statistics and Economic Studies (French: Institut National de la Statistique et des Études Économiques). ... The Coll ge de France is a higher education teaching and research establishment located in Paris, France. ... The Cowles Commission for Research in Economics is a economic research institute, founded in Colorado Springs by the businessman and economist Alfred Cowles in 1932. ...

At Cowles, Malinvaud produced work in many directions. His famous article, "Capital Accumulation and the Efficient Allocation of Resources" (1953), incorporated an intertemporal theory of capital into a very natural place in Walrasian general equilibrium theory and helped resolve the old capital theory conflict between Frank Knight and Friedrich Hayek (and, in part, kept G.E. immune from the later Cambridge Capital Controversy), as well as introducing the concept of dynamic efficiency. General Equilbrium (linear) supply and demand curves. ... Frank Hyneman Knight (November 7, 1885 - April 15, 1972) was an important economist in the first half of the twentieth century. ... Friedrich August von Hayek, CH (May 8, 1899 in Vienna – March 23, 1992 in Freiburg) was an Austrian-born British economist and political philosopher known for his defense of liberal democracy and free-market capitalism against socialist and collectivist thought in the mid-20th century. ...

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 Cowles-inspired 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 the dynamic "disequilibrium" macro theory of Clower, Leijonhufvud and the European "Non-Walrasian" theory. Malinvaud's influence on the subsequent generation of French economists has been profound.

Major works of Edmond Malinvaud

• "Note on von Neumann-Morgenstern's Strong Independence Axiom", 1952, Econometrica.
• "Capital Accumulation and the Efficient Allocation of Resources", 1953, Econometrica
• "Aggregation Problems in Input-Output Models", 1954, in Barna, editor, Structural Interdependence of the Economy
• "Initiation a la comptabilite nationale", 1957
• "Statistical Methods in Econometrics", 1964
• "Croissances Optimales dans un Modele Macroéconomique", 1965, PASSV.
• "Les Croissances Optimales", 1965, Cahiers du Seminaire d'Econometrie.
• "Decentralized Procedures for Planning", 1967, in Malinvaud and Bacharach, editors, Activity Analysis of Growth and Planning
• "Décisions en face de l'aléatoire et situation certaine approximativement équivalente", 1969, Cahiers du Seminaire de la Société d'Econometrie
• "First Order Certainty Equivalence", 1969, Econometrica
• "Procédures pour la Détermination d'un Programme de Consommation Collective", 1971, European ER.
• "A Planning Approach to the Public Goods Problem", 1971, Swedish JE.
• "Lectures on Microeconomic Theory", 1972.
• "The Allocation of Individual Risks in Large Markets", 1972, JET
• "Prices for Individual Consumption, Quantity Indicators for Collective Consumption", 1972, RES
• "La croissance française", with J.J. carre and P. Dubois, 1972.
• "Market for an Exchange Economy with Individual Risks", 1973, Econometrica
• "The Allocation of Individual Risks in Large Markets", 1974, in Dreze, editor, Allocation Under Uncertainty.
• "Theory of Unemployment Reconsidered", 1977.
• "Une Nouvelle Formulation Générale Pour l'Etude de Certains Fondements Microéconomiques de la Macroéconomie", with Y.Younes, 1977, Cahiers du Séminaire d'Econométrie.
• "Some New Concepts for the Microeconomic Foundations of Macroeconomics" with Y.Younes, 1977, in Harcourt, editor, Microeconomic Foundations of Macroeconomics.
• "Macroeconomic Rationing of Employment", 1980, in Malinvaud and Fitoussi, editors, Unemployment in Western Countries.
• "Profitability and Unemployment", 1980.
• "Théorie Macroéconomique", 2 volumes, 1981-2.
• "Essais sur la théorie du chômage", 1983
• "Mass Unemployment", 1984
• "Reflecting on the Theory of Capital and Growth", 1986, Oxford EP
• "The Challenge of Macroeconomic Understanding", 1987, BNLQR.
• "Voies de la recherche macroéconomique", 1991
• "Equilibre général dans les économies de marché", 1993.

Ressources on E. Malinvaud

• HET Pages: Individual and Social Risks, Neo-Walrasian Capital Theory, Disequilibrium Macroeconomics