Patinkin, the Cowles Commission, and the theory of unemployment and aggregate supply.

The 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...

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Publicado en:European Journal of the History of Economic Thought Vol. 9; no. 2; pp. 226 - 260
Autor principal: Boianovsky, Mauro
Formato: Artículo
Publicado: Taylor & Francis Ltd Summer2002
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Patinkin, the Cowles Commission, and the theory of unemployment and aggregate supply.
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        au: Boianovsky, Mauro
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        Patinkin, Don
        Demand function
        Labor productivity
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          Patinkin, Don
          Demand function
          Labor productivity
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        AGGREGATE SUPPLY
        COWLES COMMISSION
        Labour demand
        OVERDETERMINATION
        PATINKIN
        Unemployment
      ab: The 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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    language: English
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