Economics, Econometrics and Finance
4 years ago

Don Patinkin challenges traditional views on unemployment in Keynesian theory.

RePEc: Research Papers in Economics
From equilibrium to disequilibrium: the genesis of Don Patinkin's interpretation of the Keynesian theory
Goulven Rubin

Paper Summary

The article explains why Don Patinkin saw the Keynesian theory in a different way. He thought that the idea of wages being stuck caused by unemployment was wrong. He found this out while working on his Ph.D. thesis and comparing different views on Keynesian theory.

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