General Monetary Theory, circa 1933-1995

Scope and content:

The General Monetary series contains materials related to the "neoclassical synthesis," the integration of Keynesian macroeconomics and the neoclassical theory of value pioneered by W. S. Jevons, Carl Menger, and Leon Walras, and developed by Alfred Marshall and A. C. Pigou. Patinkin's contribution to the neoclassical synthesis began in 1947 with his University of Chicago dissertation "On the Consistency of Economic Models: A Theory of Involuntary Unemployment," and reached its pinnacle with his 1956 book, Money, Interest, and Prices: An Integration of Monetary and Value Theory (MIP).

A second edition of MIP was published in 1965, and an abridged version of the second edition, with a lengthy new introduction, was published in 1989. Material related to the contents of MIP are found in the General Monetary Theory Series. They consist of drafts of both editions (in Manuscripts and Notes), coursepacks from Patinkin's "Monetary Economics" seminar at Hebrew University and elsewhere (in Course Material), and a large number of photocopied articles, representing major innovations in monetary and macroeconomics from the mid-1960s through the late 1980s, which Patinkin used in writing his introduction to the abridged second edition.

Contents

Using These Materials