Edited by Robert W. Dimand and Harald Hagemann
Chapter 79: Don Patinkin
Patinkin was the author of Money, Interest and Prices, a book that has often been considered as the epitome if not the apex of the “neoclassical synthesis”. Money, Interest and Prices was important because of Patinkin’s attempt to integrate fiat money to the general equilibrium theory. However, Patinkin’s book was also the source of the disequilibrium interpretation of the Keynesian theory. This approach, taken up by Robert Clower, opened the way to the disequilibrium theories that developed circa the 1970s in the works of Axel Leijonhufvud, Robert Barro and Herschel Grossman, or Jean-Pascal Benassy. It also orientated Patinkin’s scholarly reading of John Maynard Keynes’s works presented in Keynes’ Monetary Thought or Anticipations of the General Theory? And other Essays on Keynes, works that established Patinkin’s reputation as a major interpreter of Keynes’s thought.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.