Don Patinkin

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Don Patinkin (born January 8, 1922 in Chicago , Illinois , died August 7, 1995 in Jerusalem , Israel ) was an Israeli-American economist and President of the Hebrew University in Jerusalem.

life and work

Don Patinkin was 1922 in Chicago ( Illinois ) to a Jewish born family. In 1943 he enrolled at the University of Chicago in economics and received his Ph. D. in 1947 with Oskar Lange . He was not only influenced by the neoliberal Chicago School , but also by teachers such as Frank H. Knight , Jacob Viner , Henry Calvert Simons and Lloyd Mints . He also studied the Talmud at the Hebrew Theological College . In 1949 he moved to Jerusalem with his wife Dvora and began as a university professor to convert the economics department of the Hebrew University from more continental descriptive and institutional thinking to Anglo-Saxon analytical economics. In doing so, he built up a generation of students, the "Patinkin boys", who subsequently received numerous economic chairs and positions in the central bank and treasury . Therefore Patinkin is also referred to as the "father of economics" in Israel.

In 1956 he published his book Money, Interest and Prices , an important neo-Keynesian work. In it and in articles in specialist journals , he deals with the distinction between stock and flow quantities , economic imbalances (disequilibrium macroeconomics) and the importance of the stability and path dependency of macroeconomic equilibria . He rejected Say's theorem and added money in the utility function ( MIU model ). Due to the real cash holdings effect , the quantity theory of money is no longer valid. In doing so, he sparked controversy about the role of money and credit. In 1959 he received the Rothschild Prize and in 1969 became a member of the American Academy of Arts and Sciences . In 1970 he received the Israel Prize and in 1974 was President of the Econometric Society . Since 1987 he has been a corresponding member of the British Academy . He remained at the Hebrew University until his retirement in 1989, serving as president from 1982 to 1986. He died on August 7, 1995 in Jerusalem at the age of 73.

Publications

Web links

Individual evidence

  1. ↑ a b c d Nissan Liviatan: Patinkin, Don (1922–1995) . In: Steven N. Durlauf, Lawrence E. Blume (Eds.): The New Palgrave Dictionary of Economics . 2nd edition. Pp. 4844-4848, Palgrave Macmillan, London 2008, doi : 10.1007 / 978-1-349-58802-2_1256 .
  2. ^ Don Patinkin: Essays on and in the Chicago Tradition . Duke University Press, 1981.
  3. ^ Arie Krampf: Economic Planning of the Free Market in Israel during the First Decade: The Influence of Don Patinkin on Israeli Policy Discourse. In: Science in Context 23 (4), 2010, pp. 507-534, doi : 10.1017 / S0269889710000190 .
  4. ^ H. Barkai: Don Patinkin's contribution to economics in Israel . In: H. Barkai, S. Fischer, N. Liviatan (Eds.): Monetary Theory and Thought . London: Macmillan 1993.
  5. ↑ Don Patinkin, 1922-1995 . In: Gonçalo L. Fonseca (ed.): History of Economic Thought Website.
  6. ↑ Perry Mehrling : Don Patinkin and the origins of postwar monetary orthodoxy . In: The European Journal of the History of Economic Thought 9 (2), 2002, pp. 161-185, doi : 10.1080 / 09672560210129668 .
  7. ↑ Book of Members 1780 – present, Chapter P. (PDF; 649 kB) In: American Academy of Arts and Sciences (amacad.org). Retrieved October 17, 2019 .
  8. ^ Deceased Fellows. British Academy, accessed July 15, 2020 .
personal data
SURNAME Godmother, Don
BRIEF DESCRIPTION American economist
DATE OF BIRTH January 8, 1922
PLACE OF BIRTH Chicago
DATE OF DEATH August 7, 1995
Place of death Jerusalem , Israel