The Orthodox Interpretation

Guglielmo Chiodi
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Guglielmo Chiodi: University of Perugia

Chapter 5 in Wicksell’s Monetary Theory, 1991, pp 62-86 from Palgrave Macmillan

Abstract: Abstract Soon after the Second World War a revival took place in the analysis of the foundations of monetary theory, which had its peak, after several articles, in the well-known work of Patinkin, Money, Interest and Prices (1965). This work is of the utmost importance for the topic here considered: it contains in fact an interpretation of Wicksell’s monetary theory, summing up in an extremely clear way many other interpretations, which all follow — Patinkin’s included of course — a certain and definite viewpoint (as well as a certain and definite ‘vision’ of the economic system) concisely centered on the notions of ‘equilibrium’ and ‘stability’ of equilibrium.1

Keywords: Equilibrium Price; Excess Demand; Money Market; Neoclassical Theory; Cash Balance (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12155-7_5

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DOI: 10.1007/978-1-349-12155-7_5

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