From equilibrium to disequilibrium: the genesis of Don Patinkin's interpretation of the Keynesian theory

Goulven Rubin

Post-Print from HAL

Abstract: This paper explains the reasons that led Don Patinkin to interpret the Keynesian theory in a disequilibrium perspective. We claim that the author adopted this position because he believed that the assumption of wage rigidity misrepresented the concept of involuntary unemployment and that, consequently, it had to be rejected. It is shown that this conclusion resulted from the confrontation of Patinkin, during the writing of his Ph.D. thesis, with the interpretations of the Keynesian theory argued respectively by Oskar Lange, Lawrence Klein and Franco Modigliani.

Keywords: Don Patinkin; Disequilibrium theory; Neoclassical Synthesis; History of macroeconomics; wage rigidity; Cowles Commission; Lawrence Klein; Jacob Marschak; Involuntary Unemployment; Franco Modigliani; Oskar Lange (search for similar items in EconPapers)
Date: 2002
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Published in European Journal of the History of Economic Thought, 2002, 9 (2), pp.205-225

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: From equilibrium to disequilibrium: the genesis of Don Patinkin's interpretation of the Keynesian theory (2002)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00636823

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().