Kevin Douglas Hoover

Kevin Douglas Hoover

Professor of Economics

External Address: 
07B Social Sciences, Box 90097, Durham, NC 27708
Internal Office Address: 
Box 90097, Durham, NC 27708-0097
(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.  


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

Wible, J. R., and K. D. Hoover. “The economics of trade liberalization: Charles S. Peirce and the Spanish Treaty of 1884.” European Journal of the History of Economic Thought, January 1, 2020. Full Text

Hoover, K. D. “Editor’s note.” History of Political Economy 51, no. 3 (June 1, 2019): 389. Full Text

Hoover, K. D. “Keynes and economics.” History of Political Economy 51, no. 1 (February 1, 2019): 83–88. Full Text

Hoover, K. D. “Craufurd goodwin: Economist as collector.” History of Political Economy 51, no. 1 (February 1, 2019): 187–91. Full Text

Hoover, K. “Scots are more studious.” Economist (United Kingdom) 414, no. 9074 (February 3, 2018).

Hoover, K. D. “The Crisis in economic theory: A review essay.” Journal of Economic Literature 54, no. 4 (December 1, 2016): 1350–61. Full Text

Halsmayer, V., and K. D. Hoover. “Solow's Harrod: Transforming macroeconomic dynamics into a model of long-run growth.” European Journal of the History of Economic Thought 23, no. 4 (July 3, 2016): 561–96. Full Text Open Access Copy


Hoover, K. D. “Macroeconomics, History of From 1933 to Present.” In International Encyclopedia of the Social & Behavioral Sciences: Second Edition, 400–405, 2015. Full Text

Hoover, K. D. “Pragmatism, perspectival realism, and econometrics.” In Economics for Real: Uskali Maki and the Place of Truth in Economics, 221–40, 2013. Full Text

Hoover, K. D. “Microfoundations and the Ontology of Macroeconomics.” In The Oxford Handbook of Philosophy of Economics, 2009. Full Text

Hoover, K. D., S. Demiralp, and S. J. Perez. “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, 2009. Full Text Open Access Copy

Hoover, K. D. “Milton Friedman’s stance: The methodology of causal realism.” In The Methodology of Positive Economics: Reflections on the Milton Friedman Legacy, 303–20, 2009. Full Text Open Access Copy

Hoover, K. D. “The past as the Future: The Marshallian approach to post Walrasian econometrics.” In Post Walrasian Macroeconomics: Beyond the Dynamic Stochastic General Equilibrium Model, 239–57, 2006. Full Text Open Access Copy

Hoover, K. D. “Is there a place for rational expectations in keynes’s general theory?” In A “Second Edition” of the General Theory, 219–37, 2006. Full Text

Hoover, Kevin D. “Man and Machine in Macroeconomics,” August 1, 2012.

Hoover, Kevin D. “Was Harrod Right?,” May 27, 2008.

Goodwin, C., E. R. Weintraub, K. D. Hoover, and B. Caldwell. “John maynard keynes of bloomsbury: Four short talks,” February 1, 2019. Open Access Copy


Selected Grants

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