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From equilibrium to disequilibrium : the genesis of Don Patinkin's interpretation of the Keynesian theory

Abstract : This paper explains the reasons that led Don Patinkin to interpret the Keynesian theory in a disequilibrium perspective. We claim that the author adopted this position because he believed that the assumption of wage rigidity misrepresented the concept of involuntary unemployment and that, consequently, it had to be rejected. It is shown that this conclusion resulted from the confrontation of Patinkin, during the writing of his Ph.D. thesis, with the interpretations of the Keynesian theor y argued respectively by Lange, Klein and Modigliani.
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https://halshs.archives-ouvertes.fr/halshs-00636823
Contributor : Goulven Rubin <>
Submitted on : Friday, October 28, 2011 - 1:23:18 PM
Last modification on : Tuesday, May 5, 2020 - 11:50:18 AM

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  • HAL Id : halshs-00636823, version 1

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Goulven Rubin. From equilibrium to disequilibrium : the genesis of Don Patinkin's interpretation of the Keynesian theory. European Journal of the History of Economic Thought, Taylor & Francis (Routledge), 2002, 9 (2), pp.205-225. ⟨halshs-00636823⟩

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