You were right: Frisch did use the term "macrodynamic". And Geoff Hodgson was correct after all. BTW, the OED has the following entries: macroeconomic, a. [DRAFT REVISION Mar. 2001] Of or relating to macroeconomics. 1939 H. W. ROBINSON Econ. of Building vi. 93 All our statistics..are obtainable only for large areas like England and Wales, Great Britain or the United Kingdom... Our approach is therefore macro-economic. 1940 Jrnl. Amer. Statist. Assoc. 35 438 The fundamental disadvantage [of the book]..lies in the approach, i.e., what Mr. Robinson calls "macro-economic". 1948 Econometrica 16 309 (heading) Some conditions of macroeconomic stability. 1957 Economist 5 Oct. 36/3 The macroeconomic prophets, having seen their forecasts repeatedly falsified, have lost something of their confidence. 1991 Financial Times 20 Mar. 24/1 The central objective of the government's macroeconomic policy continues to be the defeat of inflation. AND macrodynamic, a. [DRAFT ENTRY Mar. 2000] Econ. Concerning processes of change occurring in an economic system as a whole. 1933 R. FRISCH Econ. Essays in Honour Gustav Cassel 172 The macro-dynamic analysis..tries to give an account of the fluctuations of the whole economic system taken in its entirety. 1972 K. K. KURIHARA Essays in Macrodynamic Econ. iii. 45 The nature and direction of theoretical advance in the field of macrodynamic economics. 1992 R. M. GOODWIN & P. M. PACINI in A. Vercelli & N. Dimitri Macroecon. ix. 255 Models offering a deterministic explanation of the erratic behaviour of economic aggregates are classified according to two more general approaches to macroeconomics: the macrodynamic approach and the intertemporal maximization approach. Nicholas J. Theocarakis