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Patinkin, the cowles commission, and the theory of unemployment and aggregate supply

Mauro Boianovsky

Working Papers from University of Antwerp, Faculty of Business and Economics

Abstract: “For a long period before the writing of the first edition [of Money, Interest and Prices] I had been puzzled by the apparent contradiction between the intuitive feeling, on one hand, that there was a connection between a firm’s product-output and its labor-input, and the traditional demand curve for labor, on the other hand, that did not depend explicitly on output and whose sole independent variable was the real wage rate.” (Patinkin, 1989, p. xvi)

Pages: 34 pages
Date: 2001-12
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