Skip to main content
SpringerLink
Log in
Palgrave Macmillan
Book cover

Monetary Theory and Thought

Essays in Honour of Don Patinkin

  • Book
  • © 1993

Overview

Editors:
  1. Haim Barkai

    1. The Hebrew University of Jerusalem, Israel

    View editor publications

    You can also search for this editor in PubMed   Google Scholar

  2. Stanley Fischer

    1. Massachussetts Institute of Technology, United States

    View editor publications

    You can also search for this editor in PubMed   Google Scholar

  3. Nissan Liviatan

    1. The Hebrew University of Jerusalem, Israel

    View editor publications

    You can also search for this editor in PubMed   Google Scholar

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (15 chapters)

  1. Front Matter

    Pages i-xiii
    Download chapter PDF

  2. Part I

    1. Front Matter

      Pages 1-1
      Download chapter PDF

    2. Don Patinkin’s Contribution to Economics in Israel

      • Haim Barkai
      Pages 3-14

    3. Money, Interest, and Prices

      • Stanley Fischer
      Pages 15-31

  3. Part II

    1. Front Matter

      Pages 33-33
      Download chapter PDF

    2. What is Macroeconomics?

      • Lawrence R. Klein
      Pages 35-54

    3. Price Flexibility and the Stability of Full-Employment Equilibrium

      • James Tobin
      Pages 55-73

    4. Money, Interest and Consumption in the General Theory

      • John Flemming
      Pages 74-86

    5. Keynes on Malthus on “Say’s Law”

      • William J. Baumol
      Pages 87-108

    6. From Theory to Policy: The “Keynesian Revolution” in Britain

      • D. E. Moggridge
      Pages 109-145

    7. Was Wicksell a Quantity Theorist?

      • David Laidler
      Pages 146-181

  4. Part III

    1. Front Matter

      Pages 183-183
      Download chapter PDF

    2. When is Free Banking More Stable Than Regulated Banking?

      • Carl F. Christ
      Pages 185-209

    3. Macroeconomic Perspectives

      • Jean-Paul Fitoussi, Kumaraswamy Velupillai
      Pages 210-242

    4. On Missing Markets

      • Frank Hahn
      Pages 243-259

    5. Money and Growth Revisited

      • Peter Howitt
      Pages 260-283

    6. Are the Decisions of Firms Autonomous? A Problematic Note

      • Edmond Malinvaud
      Pages 284-295

    7. High Inflation and the Nominal Anchors of an Open Economy

      • Michael Bruno
      Pages 296-335

  5. Part IV

    1. Front Matter

      Pages 337-337
      Download chapter PDF

    2. Round Table Discussion: A Retrospective View

      • Lawrence Klein, Rudiger Dornbusch, Edmond Malinvaud, Don Patinkin, James Tobin
      Pages 339-356
Back to top

About this book

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.

Editors and Affiliations

  • The Hebrew University of Jerusalem, Israel

    Haim Barkai, Nissan Liviatan

  • Massachussetts Institute of Technology, United States

    Stanley Fischer

Bibliographic Information

Publish with us

Policies and ethics

Back to top

Search

Navigation