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


“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)

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Paper provided by University of Antwerp, Faculty of Applied Economics in its series Working Papers with number 2001039.

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Length: 34 pages
Date of creation: Dec 2001
Date of revision:
Handle: RePEc:ant:wpaper:2001039
Contact details of provider: Postal: Prinsstraat 13, B-2000 Antwerpen
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  1. Grossman, Herschel I., 1969. "Theories of markets without recontracting," Journal of Economic Theory, Elsevier, vol. 1(4), pages 476-479, December.
  2. Dutt, Amitava Krishna, 1987. "Keynes with a Perfectly Competitive Goods Market," Australian Economic Papers, Wiley Blackwell, vol. 26(49), pages 275-93, December.
  3. Casarosa, Carlo, 1981. "The Microfoundations of Keynes's Aggregate Supply and Expected Demand Analysis," Economic Journal, Royal Economic Society, vol. 91(361), pages 188-94, March.
  4. Asimakopulos, A, 1982. "Keynes' Theory of Effective Demand Revisited," Australian Economic Papers, Wiley Blackwell, vol. 21(38), pages 18-36, June.
  5. Karl Ove Moene & Asbjorn Rodseth, 1991. "Nobel Laureate: Trygve Haavelmo," Journal of Economic Perspectives, American Economic Association, vol. 5(3), pages 175-192, Summer.
  6. Grandmont, Jean-michel, 1989. "Keynesian issues and economic theory," CEPREMAP Working Papers (Couverture Orange) 8907, CEPREMAP.
  7. Lawrence R. Klein, 1947. "Theories of Effective Demand and Employment," Journal of Political Economy, University of Chicago Press, vol. 55, pages 108.
  8. Milton Friedman, 1971. "A Theoretical Framework for Monetary Analysis," NBER Books, National Bureau of Economic Research, Inc, number frie71-1, December.
  9. repec:ltr:wpaper:1993.16 is not listed on IDEAS
  10. Goulven Rubin, 2002. "From equilibrium to disequilibrium: the genesis of Don Patinkin's interpretation of the Keynesian theory," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 9(2), pages 205-225.
  11. John King, 1993. "Aggregate Supply and Demand Analysis Since Keynes: A Partial History," Working Papers 1993.16, School of Economics, La Trobe University.
  12. E. Roy Weintraub, 1974. "Keynes' Employment Function," History of Political Economy, Duke University Press, vol. 6(2), pages 162-164, Summer.
  13. Leeson, Robert, 1998. "The Early Patinkin—Friedman Correspondence," Journal of the History of Economic Thought, Cambridge University Press, vol. 20(04), pages 433-448, December.
  14. Barro, Robert J & Grossman, Herschel I, 1971. "A General Disequilibrium Model of Income and Employment," American Economic Review, American Economic Association, vol. 61(1), pages 82-93, March.
  15. J. E. King, 1994. "Aggregate Supply and Demand Analysis since Keynes: A Partial History," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 17(1), pages 3-31, October.
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