Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Monetary Theory and Thought: Essays in Honour of Don Patinkin

Monetary Theory and Thought: Essays in Honour of Don Patinkin

Barkai, Haim
Fischer, Stanley
Liviatan, Nissan

Hardcover

Series: Essays in Honour of Don Patinkin

EconomicsInvesting & Finance

ISBN10: 0333557360
ISBN13: 9780333557365
Publisher: Palgrave Macmillan
Published: May 17 1993
Pages: 366
Weight: 1.40
Height: 1.00 Width: 5.50 Depth: 8.50
Language: English
Don Patinkin's pioneering work, integrating monetary and value theory in a Walrasian general equilibrium context anticipated by almost two decades the line of research which attempts to recast macroeconomics by reference to its microeconomic foundations. The notion of an integrated set of markets offered intuitive perception of intermarket linkages. At the same time it highlighted some of the pitfalls of traditional neoclassical monetary analysis, such as the erroneous imputation of unitary elasticity to the demand curve for money. Patinkin's presentation of general equilibrium illuminated the difficulty in upholding the Keynesian notion of underemployment equilibrium. His insightful efforts to understand behaviour in labour markets in disequilibrium led him to provide the first well worked out example of the powerful implications of disequilibrium and thereby to lay the foundations for the disequilibrium analysis of the 1970s.

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