Economics, Econometrics and Finance
4 years ago

Patinkin's Misinterpretation of Keynes's Theory Sparks Controversy in Economic Circles.

Palgrave Macmillan UK eBooks
Patinkin’s Interpretation of ‘Keynes and the Keynesian Cross’
Louise Davidson

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The article discusses Professor Patinkin's attempt to argue that the 45° cross is the correct way to interpret Keynes's General Theory, rejecting a previous description by Fusfeld. Patinkin disagrees with a report by Arthur E. Burns about Keynes's graphical representation of aggregate supply and demand analysis.