Showing 1 - 7 of 7
This paper intends to explain how was a supporter of Keynes like Don Patinkin led to integrate the Pigou effect, the … arch anti-Keynesian effect, in his theory of involuntary unemployment. The reading of Patinkin's unpublished PhD thesis and … the use of the Don Patinkin Papers from Duke University's archives shed new light on this key episode in the formation of …
Persistent link: https://www.econbiz.de/10005505330
Don Patinkin was a major contributor to the debate over the Keynesian revolution who, later in his career, became a … Patinkin's writing on this subject and seeks to explain, taking account of his statements about historiography, why he …
Persistent link: https://www.econbiz.de/10005505311
In this paper I evaluate the logical consistency of Patinkin's claim that involuntary unemployment can result from slow … speed of adjustment. I argue that Patinkin's argument is flawed because of an unjustified breach of continuity in the trade …
Persistent link: https://www.econbiz.de/10005505405
This paper explains the reasons that led Don Patinkin to interpret the Keynesian theory in a disequilibrium perspective … resulted from the confrontation of Patinkin, during the writing of his Ph.D. thesis, with the interpretations of the Keynesian …
Persistent link: https://www.econbiz.de/10005505416
This paper concentrates on Patinkin's use of Walras' model in his attempt at providing a proper theory of the price of … money integrated with the theory of relative prices. Patinkin stands as the last major contributor to a Walras-Hicks-Patinkin …, Patinkin gives a clear priority to money as a store of value over an assumed function as a means of exchange. It is also shown …
Persistent link: https://www.econbiz.de/10005282356
The paper provides an account of Don Patinkin's long-time search for an explanation of the notions of an aggregate … demand constraint and unemployment under the assumption of a perfectly competitive goods market. It is argued that Patinkin …'s quest is reflected on the development of the concept of an aggregate supply function in the goods market. Patinkin …
Persistent link: https://www.econbiz.de/10005640152
This paper examines Patinkin's analysis of Fisher's monetary economics, with regard to the integration of monetary and …
Persistent link: https://www.econbiz.de/10005640169