Donald Patinkin (January, 1922-- August, 1995) was an Israeli Economist. He was born in Chicago and received his Ph.D. degree in the University of Chicago. He also used to be an associate professor in the University of Illinois at Urbana-Champaign from 1940 to 1949. When Israel was independent in 1949, he successfully immigrated to Israel. He was praised as the "Father of Israeli Economics" for his contributions to the Hebrew University and the Israeli Economics as a whole.
I want to concentrate on Behavioral Economics in the future, so I have not heard about him or his theories before this course. Donald Patinkin was famous for his book, "Money, Interest and Prices", which he focused on neoclassical macroeconomic models. He majorly believed in John Maynard Keynes' ideas but expanded them more with other monetary theories. Don Patinkin was also expert in disequilibrium economics, theories of unemployment and general monetary economics.
Based on Don Patinkin's major research fields in Macroeconomics, I do not believe that he will be a major topic in our class. However, it is exciting to explore more about an outstanding economist, whose name is my alias for this class.
Resources:
Inventory of the Don Patinkin Papers, 1870-1995, Retrieved from http://library.duke.edu/rubenstein/findingaids/patinkin/ , Sept 4th, 2013
'Father of Israeli Economics' Don Patinkin, Retrieved from http://articles.chicagotribune.com/1995-08-08/news/9508080080_1_economics-john-maynard-keynes-honorary-doctorate, Sept 4th, 2013
Don Patinkin's Contribution to Monetary Theory, Retrieved from http://www.boi.org.il/deptdata/mehkar/iser/07/iser_1.pdf, Sept 4th, 2013
Money, Interest and Prices was a required textbook for graduate macroeconomics in my second quarter of Northwestern. It famously had many "four quadrant diagrams" which were done to simultaneously establish equilibrium in two interrelated markets. We probably won't otherwise refer to his work in our course. But know that there used to be many Israeli economists who would come to visit the Econ Department here. Patinkin was President of Hebrew University at the time.
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