Background
PATINKIN, Don was born on January 8, 1922 in Chicago, III., United States of America. Son of Albert and Sarah Brezinsky Patinkin.
(Second Edition. Copyright 1965. Some shelf and edge wear....)
Second Edition. Copyright 1965. Some shelf and edge wear. Some light spotting to fore edge. There are some writing marks to some pages. Most of the pages are clean.
http://www.amazon.com/gp/product/B000FSDACM/?tag=2022091-20
(A quarter of a century after the publication of the secon...)
A quarter of a century after the publication of the second edition, this classic work continues to be on the reading list of graduate courses in macroeconomics. Integrating monetary theory and value theory, Money, Interest, and Prices describes the demand functions for commodities and bonds (emphasizing the real balance effect) and uses these functions to carry out a static and dynamic analysis of the central problems of monetary theory - the effects of changes in the quantity of money and shifts in liquidity preference on interest, prices, and employment. This reprinted edition omits the supplementary notes on the literature and contains a new introduction indicating the ways that Patinkin has revised or augmented its analysis. The author discusses issues that have arisen around his disequilibrium approach to macroeconomics as well as his use of the money-in-the-utility function approach to the demand for money. Patinkin explains why he rejects the alternative overlapping generations and cash in advance approaches to this demand and briefly indicates how the books analysis can be extended to an open economy and to an economy with growth and refers the reader to more extensive treatments of the topics dealt with. Don Patinkin is Professor of Economics at Hebrew University in Jerusalem.
http://www.amazon.com/gp/product/0262161141/?tag=2022091-20
PATINKIN, Don was born on January 8, 1922 in Chicago, III., United States of America. Son of Albert and Sarah Brezinsky Patinkin.
Bachelor of Arts, Master of Arts, Doctor of Philosophy University Chicago, 1943, 1945, 1947. Honorary DHL University Chicago, 1976, University Western Ontario, 1983.
Research Assistant, Research Association, Cowles Commission Economics Research, Assistant Professor of Economics, University Chicago, 1946-1947,
8, 1947-1948. Association Professor of Economics, University Illinois, 1948-1949. Lector, Association Professor, Hebrew University Jerusalem, 1949-1952.
Director Research, Maurice Falk Institute, Institution Economics Research in Israel, 1956-1972. Visiting Professor, Universities, California Berkeley, 1961-1962, Massachusetts Institute of Technology, Cambridge, Mass., USA, 1968, Western Ontario, 1973-1979, Chicago, 1972, 1977-1979, Columbia, 1980, Northwestern, Johns Hopkins, European University Institute, Institution, 1981. Professor of Economics, Hebrew University Jerusalem, Jerusalem, Israel.
Research Association, Maurice Falk Institute, Institution Economics Research in Israel, Jerusalem, Israel, since 1957. Advisory Board, Journal of Money, Credit and Banking, Editorial Board, J Macroecon.
(A quarter of a century after the publication of the secon...)
(Second Edition. Copyright 1965. Some shelf and edge wear....)
(1st ed. Octavo. Cloth. 163 pp. Fine, owner name.)
Author: Money, Interest, and Prices: An Integration of Monetary and Value Theory, 1956, The Israel Economy: the First Decade, 1959, Studies in Monetary Economics, 1972, Keynes, Monetary Thought: A Study of Its Development, 1976.
Contributed primarily to monetary and employment theory as well as to the history of this theory from 1870-1940. In early work, developed an integration of value theory and monetary theory by means of a general-equilibrium microeconomic model which introduced a direct effect of real money balances (more generally, net real financial assets) into the demand functions of all markets, including those for commodities. Used model to define proper relationship between the analysis of the real and monetary aspects of the economy respectively (the ‘dichotomy issue’).
Developed corresponding macroeconomic models, and with these analysed the role of financial intermediaries and the conditions for the neutrality of money in both stationary and growing economics. Extended the model to theory of unemployment and in this context developed first explicit disequilibrium macroeconomic model. Also used the model to show relationship between Keynesian and classical theories of unemployment.
Developed an inventorytheoretic analysis of the demand for money based on a stochastic payment process and thus rationalised introduction of real money balances into the utility function. Contributed to the history of monetary theory and published studies of Walras, Wicksell, Fisher, Cambridge School, and others.
In more recent years, have carried out research on the development of macroeconomic theory in interwar period. In this context, studied development of Keynes’s monetary and employment theory, as well as of his related policy views.
Used Keynes’s General Theory as test case of Robert Merton’s theory of multiple discoveries in science and showed that, contrary to the widely accepted view, neither the Stockholm School nor Kalecki can be credited with the discovery of this theory. Also analysed the interaction
between the respective developments of macroeconomic theory and nationalincome accounting in the 1930s. In earlier years also contributed to price theory: namely, theory of cartels, of consumers’ surplus, and of price indexes.
From time to time, have studied aspects of the Israeli economy, and have written a history of the first decade of this economy.
Fellow: History of Economics Society. Member: Accademia Nazionale dei Lincei, British Academy, American Academy Arts and Sciences, Israel Academy of Sciences and Humanities, American Economic Association, Israel Economic Association, Econometric Society, Phi Beta Kappa.
Married Deborah Trossman, 1945. 4 children.