[go: up one dir, main page]

IDEAS home Printed from https://ideas.repec.org/p/tch/wpaper/cep046.html
   My bibliography  Save this paper

Zur Genese von Patinkins Interpretation des Keynes'schen Prinzips der effektiven Nachfrage

Author

Listed:
  • Jochen Hartwig

    (Professur für Wirtschaftspolitik, Faculty of Economics and Business Administration, Chemnitz University of Technology, CESifo Munich, Germany)

Abstract
"'Keynes' Chapter 3 on 'The Principle of Effective Demand'", schreibt Patinkin (1979a, S. 155), "is at one and the same time the most important and the most obscure chapter in the General Theory: most important, because it contains the major innovation of the book…". Und obskur ist es in der Tat ebenfalls, was durch die nicht enden wollende Debatte um die "korrekte" Interpretation des Modells der effektiven Nachfrage bewiesen wird, welches Keynes in diesem Kapitel präsentiert: das D/Z-Modell. Ich selbst habe über die letzten 20 Jahre in rund einem Dutzend Publikationen zu dieser Debatte beigetragen. Dass sie immer noch geführt wird, belegt, wie wichtig es ist, das von Patinkin als Hauptinnovation der General Theory bezeichnete Prinzip der effektiven Nachfrage zu verstehen.

Suggested Citation

  • 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.
  • Handle: RePEc:tch:wpaper:cep046
    as

    Download full text from publisher

    File URL: https://www.tu-chemnitz.de/wirtschaft/vwl1/RePEc/download/tch/wpaper/CEP046_Hartwig.pdf
    File Function: First version, 2021
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. MG Hayes, 2007. "Keynes's Z function, heterogeneous output and marginal productivity," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 31(5), pages 741-753, September.
    2. 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.
    3. Richard T. Froyen, 1976. "The Aggregative Structure of Keynes's General Theory," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(3), pages 369-387.
    4. Rogério Arthmar & Michael Emmett Brady, 2009. "Patinkin, Keynes and the Z curve," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 17(3), pages 127-146.
    5. Paul Davidson, 1983. "The Marginal Product Curve Is Not the Demand Curve for Labor and Lucas’s Labor Supply Function Is Not the Supply Curve for Labor in the Real World," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 6(1), pages 105-117, September.
    6. Patinkin, Don, 1979. "A Study of Keynes' Theory of Effective Demand," Economic Inquiry, Western Economic Association International, vol. 17(2), pages 155-176, April.
    7. J. Hartwig & M. E. Brady, 2008. "Comment: Hayes on Z," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 32(5), pages 815-819, September.
    8. 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.
    9. Heller, Claudia, 2009. "Keynes’s slip of the pen: aggregate supply curve vs employment function," MPRA Paper 12837, University Library of Munich, Germany.
    10. Asimakopulos, A, 1982. "Keynes' Theory of Effective Demand Revisited," Australian Economic Papers, Wiley Blackwell, vol. 21(38), pages 18-36, June.
    11. Don Patinkin, 1978. "Keynes’ Aggregate Supply Function: A Plea for Common Sense1," History of Political Economy, Duke University Press, vol. 10(4), pages 577-596, Winter.
    12. Victoria Chick, 1983. "Macroeconomics after Keynes: A Reconsideration of the General Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262530457, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Heller, Claudia, 2009. "Keynes’s slip of the pen: aggregate supply curve vs employment function," MPRA Paper 12837, University Library of Munich, Germany.
    2. Jochen Hartwig, 2017. "The Comparative Statics of Effective Demand," Review of Political Economy, Taylor & Francis Journals, vol. 29(3), pages 360-375, July.
    3. repec:pke:wpaper:pkwp1211 is not listed on IDEAS
    4. Jochen Hartwig, 2009. "D and Z in ROPE," KOF Working papers 09-243, KOF Swiss Economic Institute, ETH Zurich.
    5. Mark Hayes, 2006. "The Economics of Keynes: A New Guide to The General Theory," Books, Post Keynesian Economics Society (PKES), number nggt.
    6. Strati, Francesco, 2012. "On Keynes's Z-function," MPRA Paper 42918, University Library of Munich, Germany.
    7. Claudio Sardoni, 2011. "Unemployment, Recession and Effective Demand," Books, Edward Elgar Publishing, number 13837.
    8. Toshio Watanabe, 2020. "Financial Instability and Effects of Monetary Policy," Bulletin of Political Economy, Bulletin of Political Economy, vol. 14(1), pages 117-145, June.
    9. Jochen Hartwig, 2006. "Explaining the aggregate price level with Keynes's principle of effective demand," Review of Social Economy, Taylor & Francis Journals, vol. 64(4), pages 469-492.
    10. Mark Setterfield & Y.K. Kim, 2024. "How financially fragile can households become? Household borrowing, the welfare state, and macroeconomic resilience," Review of Evolutionary Political Economy, Springer, vol. 5(1), pages 121-151, June.
    11. D. Patinkin, 1995. "The training of an economist," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 48(195), pages 359-395.
    12. John B. Davis, 2017. "The Continuing Relevance of Keynes's Philosophical Thinking: Reflexivity, Complexity and Uncertainty," Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, Fondazione Luigi Einaudi, Torino (Italy), vol. 51(1), pages 55-76, June.
    13. Stephanie Bell, 1999. "Functional Finance: What, Why, and How?," Economics Working Paper Archive wp_287, Levy Economics Institute.
    14. Jesper Jespersen, 2012. "Keynes’s General Theory after 75 years: time to re-read and reflect," Chapters, in: Jesper Jespersen & Mogens Ove Madsen (ed.), Keynes’s General Theory for Today, chapter 8, pages 131-150, Edward Elgar Publishing.
    15. Angel Asensio, 2010. "Macroeconomic trouble and policy challenges in the wake of the financial bust," Working Papers halshs-00496921, HAL.
    16. Nicola Meccheri, 2007. "Wage behaviour and unemployment in Keynes' and New Keynesians' views: A comparison," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 14(4), pages 701-724.
    17. Earl, Peter E., 2015. "Anchoring in economics: On Frey and Gallus on the aggregation of behavioural anomalies," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 9, pages 1-25.
    18. Jespersen Jesper, 2000. "Some Aspects of J. M. Keynes's Theoretical Contributions to the Economic Debate of the 1920's'," Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, De Gruyter, vol. 41(1), pages 219-224, June.
    19. Klausinger, Hansjörg, 2000. "Walras' law and the IS-LM model. A tale of progress and regress," Department of Economics Working Paper Series 69, WU Vienna University of Economics and Business.
    20. Philip Arestis & Malcolm Sawyer, 1997. "Reasserting the Role of Keynesian Policies for the New Millenium," Economics Working Paper Archive wp_207, Levy Economics Institute.
    21. Huang, Wenge & Zhang, Jinsong, 2015. "A New Interpretation of the Mechanism for the Determination of Interest Rate and Its Policy Implications," MPRA Paper 66208, University Library of Munich, Germany.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tch:wpaper:cep046. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christian Kulitza (email available below). General contact details of provider: https://edirc.repec.org/data/fwtucde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.