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compatibility vs. incompatibility between Keynesian and Walrasian theories) . The intel lectual context, particularly Don Patinkin …
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Robert W. Clower's article "A Reconsideration of the Microfoundations of Monetary Theory" (1967) deeply influenced the … course of modern monetary economics. On the one hand, it revealed the deadlocks of Don Patinkin's project to integrate … before and after the 1967 article. Four conclusions are obtained. First, Clower (1967) intended to reorient Patinkin …
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