Patinkin, the Cowles Commission, and the theory of unemployment and aggregate supply

Mauro Boianovsky

The European Journal of the History of Economic Thought, 2002, vol. 9, issue 2, 226-259

Abstract: The paper provides an account of Don Patinkin's long-time search for an explanation of the notions of an aggregate demand constraint and unemployment under the assumption of a perfectly competitive goods market. It is argued that Patinkin's quest is reflected on the development of the concept of an aggregate supply function in the goods market. Patinkin's interpretation of aggregate supply and unemployment is compared to similar ideas put forward by Jacob Marschak, Trygve Haavelmo and Lawrence Klein, his former colleagues at the Cowles Commission in Chicago.

Keywords: Patinkin; Aggregate Supply; Unemployment; Cowles Commission; Overdetermination; Labour Demand (search for similar items in EconPapers)
Date: 2002
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DOI: 10.1080/09672560210130693

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