Abstract
The recent publication of Professor Don Patinkin’s Money, Interest, and Prices may be regarded as the appearance of a summary statement of the thought of its author as it has evolved over the last decade. Together with the allied criticism of neo-classical monetary theory by Lange,2 Patinkin’s challenge to the determinateness of that body of analysis and to its successful integration with the ‘real goods’ equations of neo-classical systems constitutes the most formidable attack ever made against it. As such it deserves to be examined in detail.
Published originally in the Southern Economic Journal, 26 (1959), pp. 119–124, and represented with permission.
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References
Becker, G. S. and W. J. Baumol, ‘The Classical Monetary Theory: The Outcome of the Discussion’, Economica (NS), 19 (1952), pp. 355–76.
Kuenne, R., ‘Walras, Leontief and the Interdependence of Economic Activities’, Quarterly Journal of Economics, 68 (1954), pp. 232–54. Reprinted as Chanter 1 of this volume.
Kuenne, R., ‘The Architectonics of Leon Walras’, Kyklos, 10 (1956), pp. 241–9. Reprinted as Chapter 2 of this volume.
Kuenne, R., ‘On the Existence and Role of Money in a Stationary State’, Southern Economic Journal, 25 (1958), pp. 1–10. Reprinted as Chapter 17 of this volume.
Kuenne, R., ‘The Walrasian Theory of Money: An Interpretation and a Reconstruction’, Metroeconomica, 13 (1961), pp. 95–105. Reprinted as Chapter 20 of this volume.
Lange, O., ‘Say’s Law: A Restatement and Criticism’, Studies in Mathematical Economics and Econometrics, University of Chicago Press, Chicago (1942), pp. 49–60.
Patinkin, Don, Money, Interest and Prices, Row Peterson, Evanston, Ill., 1st edn (1956).
Walras, L., Elements of Pure Economics, Allen & Unwin, London (1954).
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© 1992 Robert E. Kuenne
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Kuenne, R.E. (1992). Patinkin on Neo-Classical Monetary Theory: A Critique in Walrasian Specifics. In: General Equilibrium Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12752-8_19
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DOI: https://doi.org/10.1007/978-1-349-12752-8_19
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