Patinkin, the Cowles Commission, and the theory of unemployment and aggregate supply
AbstractThe 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.
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Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal The European Journal of the History of Economic Thought.
Volume (Year): 9 (2002)
Issue (Month): 2 ()
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Other versions of this item:
- Boianovsky M., 2001. "Patinkin, the cowles commission, and the theory of unemployment and aggregate supply," Working Papers 2001039, University of Antwerp, Faculty of Applied Economics.
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