Kevin Douglas Hoover

Professor of Economics

External Address: 
231 Social Sciences, Box 90097, Durham, NC 27708
Internal Office Address: 
Box 90097, Durham, NC 27708-0097
Phone: 
(919) 660-1800

Professor Hoover's research interests include macroeconomics, monetary economics, the history of economics, and the philosophy and methodology of empirical economics. His recent work in economics has focused on the application of causal search methodologies for structural vector autoregression, the history of microfoundational programs in macroeconomics, and Roy Harrod's early work on dynamic macroeconomics. In philosophy, he has concentrated on issues related to causality, especially in economics, and on reductionism -- the philosophical counterpart to microfoundations. Recent publications include:

  • "Trygve Haavelmo's Experimental Methodology and Scenario Analysis in a Cointegrated Vector Autoregression" (Econometric Theory, 2015), 
  • "Reductionism in Economics:  Intentionality and Eschatological Justification in the Microfoundations of Macroeconomics" (Philosophy of Science 2015), 
  • "Mathematical Economics Comes to America:  Charles S. Peirce’s Engagement with Cournot’s Recherches sur les Principes Mathematiques de la Théorie des Richesses" (Journal of the History of Economic Thought, 2015), 
  • "The Genesis of Samuelson and Solow’s Price-Inflation Phillips Curve" (History of Economics Review, 2015), 
  • "Solow's Harrod: Transforming Cyclical Dynamics into a Model of Long-run Growth" (European Journal of the History of Economic Thought 2015), 
  • "In the Kingdom of Solovia:  The Rise of Growth Economics at MIT, 1956-1970" (History of Political Economy 2014), 
  • “Still Puzzling: Evaluating the Price Puzzle in an Empirically Identified Structural Vector Autoregression” (Empirical Economics, 2014),
  • "On the Reception of Haavelmo's Econometric Thought" (Journal of the History of Economic Thought, 2014) – winner of the History of Economics Society Best Paper Award in 2015.  

Education

  • Ph.D., University of Oxford (UK) 1985
  • M.A., University of Oxford (UK) 1983
  • B.A., University of Oxford (UK) 1979

Hoover, KD. "The Crisis in Economic Theory: A Review Essay." Journal of Economic Literature 54, no. 4 (December 2016): 1350-1361. Full Text

Halsmayer, V, and Hoover, KD. "Solow's Harrod: Transforming macroeconomic dynamics into a model of long-run growth." The European Journal of the History of Economic Thought 23, no. 4 (July 3, 2016): 561-596. Full Text

Wible, JR, and Hoover, KD. "Mathematical Economics Comes to America: Charles S. Peirce's Engagement with Cournot's Recherches Sur Les Principes Mathematiques De La Théorie Des Richesses." Journal of the History of Economic Thought 37, no. 04 (December 2015): 511-536. (Working Paper) Full Text Open Access Copy

Hoover, KD. "The Ontological Status of Shocks and Trends in Macroeconomics." Synthese 192, no. 11 (November 2015): 3509-3532. (Working Paper) Full Text Open Access Copy

Hoover, KD. "Thomas Mayer: (born 18 January 1927, Vienna Austria; died 29 January 2015, Berkeley, California, USA)." Journal of Economic Methodology 22, no. 4 (October 2, 2015): 526-527. Full Text

Hoover, K, and Juselius, K. "TRYGVE HAAVELMO’S EXPERIMENTAL METHODOLOGY AND SCENARIO ANALYSIS IN A COINTEGRATED VECTOR AUTOREGRESSION." Econometric Theory 31, no. 02 (April 2015): 249-274. Full Text

Demiralp, S, Hoover, KD, and Perez, SJ. "Still puzzling: Evaluating the price puzzle in an empirically identified structural vector autoregression." Empirical Economics 46, no. 2 (March 1, 2014): 701-731. Full Text

Hoover, KD. "On the Reception of Haavelmo’s Econometric Thought." Journal of the History of Economic Thought 36, no. 01 (March 2014): 45-65. Full Text

Pages

Hoover, KD. "Pragmatism, perspectival realism, and econometrics." In Economics for Real: Uskali Maki and the Place of Truth in Economics, 221-240. January 1, 2013. Full Text

Hoover, KD. "Counterfactuals and causal structure." In Causality in the Sciences. September 22, 2011. Full Text

Hoover, KD. "Microfoundations and the Ontology of Macroeconomics." In The Oxford Handbook of Philosophy of Economics. September 2, 2009. Full Text

Hoover, KD, Demiralp, S, and Perez, SJ. "Empirical Identification of the Vector Autoregression: The Causes and Effects of US M2." In The Methodology and Practice of Econometrics: A Festschrift in Honour of David F. Hendry. September 1, 2009. Full Text

Hoover, KD. "Milton Friedman’s stance: The methodology of causal realism." In The Methodology of Positive Economics: Reflections on the Milton Friedman Legacy, 303-320. January 1, 2009. Full Text

Hoover, KD. "Econometrics as observation: The lucas critique and the nature of econometric inference." In The Philosophy of Economics: An Anthology, 297-314. January 1, 2007. Full Text

Hoover, KD. "The past as the Future: The Marshallian approach to post Walrasian econometrics." In Post Walrasian Macroeconomics: Beyond the Dynamic Stochastic General Equilibrium Model, 239-257. January 1, 2006. Full Text

Hoover, KD. Man and Machine in Macroeconomics. August 1, 2012.

Hoover, KD. Was Harrod Right?. May 27, 2008.

Center for the History of Political Economy awarded by Thomas W. Smith Foundation (Faculty Member). 2015 to 2017

Models and Causal Structure in Econometric Analysis awarded by National Science Foundation (Principal Investigator). 2010 to 2012

Teaching the History of Political Economy awarded by national Endowment for the Humanities (Faculty Member). 2009 to 2010

The Uses of Economics: History and Future (Conference) awarded by Josiah Charles Trent Memorial Foundation (Principal Investigator). 2009 to 2010

"Robert Solow and the Development of Growth Economics "- a conference awarded by Josiah Charles Trent Memorial Foundation (Principal Investigator). 2008