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Money, Interest, and Prices : An Integration of Monetary and Value Theory - 2nd Edition, Abridged

Money, Interest, and Prices : An Integration of Monetary and Value Theory - 2nd Edition, Abridged

Penned By Don Patinkin
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Money, Interest, and Prices : An Integration of Monetary and Value Theory - 2nd Edition, Abridged

Money, Interest, and Prices : An Integration of Monetary and Value Theory - 2nd Edition, Abridged

Penned By Don Patinkin
4.85 68,771 Ratings
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Editor's Note:
A quarter of a century after the publication of the second edition, this classic work continues to be on the reading list of graduate courses in macroeconomics. Integrating monetary theory and value theory, "Money, Interest, and Prices "describes the demand functions for commodities and bonds (emphasizing the real balance effect) and uses these functions to carry out a static and dynamic analysis of the central problems of monetary theory - the effects of changes in the quantity of money and shifts in liquidity preference on interest, prices, and employment.This reprinted edition omits the supplementary notes on the literature and contains a new introduction indicating the ways that Patinkin has revised or augmented its analysis. The author discusses issues that have arisen around his disequilibrium approach to macroeconomics as well as his use of the money-in-the-utility function approach to the demand for money. Patinkin explains why he rejects the alternative overlapping generations and cash in advance approaches to this demand and briefly indicates how the books analysis can be extended to an open economy and to an economy with growth and refers the reader to more extensive treatments of the topics dealt with.Don Patinkin is Professor of Economics at Hebrew University in Jerusalem.

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Released November 15, 1989
Identifier (ISBN) 4632008
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Don Patinkin

Don Patinkin writes contemporary fiction and has always been fascinated by character-driven stories. They hold a degree in English Literature and previously worked as an editor before transitioning to writing their own books. Don Patinkin lives with their spouse and a very vocal rescue cat.

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Michael Hall
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"Such a rich narrative. The author orchestrated a breathtaking finale. Truly a work of art. I am now a lifelong fan of this author."
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"A profoundly satisfying read. The author orchestrated a breathtaking finale. Truly a work of art. I am now a lifelong fan of this author."
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"I thoroughly enjoyed the elegance of it. A brilliant concept executed with flair. Just a few pacing choices I would change. Quite impressive overall."
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"Took a moment to build, but the payoff was spectacular. It held my rapt attention, even when certain twists were telegraphed. Quite impressive overall."
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"It was adequate. It possessed moments of brilliance, but the narrative felt slightly disjointed ultimately. A fair 3 stars."
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"I was completely blown away. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. I will undoubtedly revisit this masterpiece."
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Edward Allen
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Kimberly Clark
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Steven Sanchez
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"I was completely blown away. I adored how the story unfolded. It kept me captivated without sacrificing elegance. I will undoubtedly revisit this masterpiece."
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Karen Robinson
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