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Patinkin on Keynes and Meitzer

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journal contribution
posted on 01.01.1966, 00:00 by Allan MeltzerAllan Meltzer

Don Patinkin's discussion of alternative interpretations of Keyne's General Theory gave considerable weight to an author's motivation, particularly mine. Patinkin also restates his view that the General Theory offers a short-run disequilibrium approach. I suggest that textual interpretation in economics should not consider motives because better methods are available and are now used. I propose three standards. Applying these standards, I find little support for Patinkin's interpretation of the General Theory. Although my interpretation better meets the three standards, I conclude that the General Theory does not have a single correct interpretation.




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