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Don Patinkin's PhD Dissertation as the Prehistory of Disequilibrium Theories

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  • Goulven Rubin

Abstract

In the opening sentence of Money, Interest, and Prices, Patinkin noted that his book was the outgrowth of ideas first presented in his doctoral dissertation. This claim has attracted the attention of most scholars who have written about his works in recent years. As shown by articles by such historians as Mauro Boianovsky, Perry Mehrling, and the present author, reading Patinkin's doctoral dissertation shed new light on his major work. However, those articles only contain partial presentations of the thesis. This essay helps to fill that gap. It offers a detailed presentation of the second part of Patinkin's dissertation and claims that it foreshadowed the research programs of disequilibrium theorists of the 1970s.

Suggested Citation

  • Goulven Rubin, 2012. "Don Patinkin's PhD Dissertation as the Prehistory of Disequilibrium Theories," History of Political Economy, Duke University Press, vol. 44(2), pages 235-276, Summer.
    • Handle: RePEc:hop:hopeec:v:44:y:2012:i:2:p:235-276
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    References listed on IDEAS

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    1. William Darity, Jr. & Warren Young, 1995. "IS-LM: An Inquest," History of Political Economy, Duke University Press, vol. 27(1), pages 1-41, Spring.
    2. Perry Mehrling, 2002. "Don Patinkin and the origins of postwar monetary orthodoxy," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 9(2), pages 161-185.
    3. Roger Backhouse, 2002. "Don Patinkin: interpreter of the Keynesian revolution," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 9(2), pages 186-204.
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    6. Mauro Boianovsky, 2002. "Patinkin, the Cowles Commission, and the theory of unemployment and aggregate supply," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 9(2), pages 226-259.
    7. Davidson, Paul, 1969. "A Keynesian View of Patinkin's Theory of Employment: A Rejoinder," Economic Journal, Royal Economic Society, vol. 79(313), pages 181-182, March.
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    10. Amitava Krishna Dutt, 2002. "Aggregate Demand-Aggregate Supply Analysis: A History," History of Political Economy, Duke University Press, vol. 34(2), pages 321-364, Summer.
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    13. 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.
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    Cited by:

    1. Jochen Hartwig, 2021. "Zur Genese von Patinkins Interpretation des Keynes'schen Prinzips der effektiven Nachfrage," Chemnitz Economic Papers 046, Department of Economics, Chemnitz University of Technology, revised Jun 2021.
    2. Goulven Rubin, 2014. "Oskar Lange or how IS-LM came to be interpreted as a Walrasian model," Working Papers halshs-01018658, HAL.
    3. Goulven Rubin, 2011. "Oskar Lange and the influence of Walrasian theory during the Keynesian revolution," Working Papers halshs-00817758, HAL.

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