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Old 08-09-2011, 02:03 AM   #569
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<strong>NCA</strong> – North Central Association Commission on Accreditation and School Improvement, an academic accrediting body.
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Patinkin, Don, 1922-97 (B3)<br />A major Israeli monetary economist and interpreter of KEYNES who was born in Chicago where he attended and taught at the University of Chicago. Since 1949 he was a lecturer and (from 1956) professor at the Eliezer Kaplan School of Economics and Social Sciences, Hebrew University of Jerusalem. From 1969, he was Director of Research at the Maurice Falk Institute for Economic Research in IsraeL In Money, Interest and Prices (1956) he applied Hicksian general EQUILIBRIUM analysis to Keynesian macroeconomics, brilliantly integrating the real and monetary economies by treating money as a commodity which renders services. However, in his other numerous writings he had sharp words of criticism for central elements of Keynes's General Theory, particularly the notion of 'INVOLUNTARY UNEMPLOYMENT' and the absence of a supply function in Keynes's macro modeL

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