Introduction

Authors

  • Massimo Di Matteo University of Siena

DOI:

https://doi.org/10.13133/2037-3643/19112

Keywords:

neoclassical macrotheory, real balance effect, redistributive effect, comparative statics, stability analysis

Abstract

Here we reproduce an unpublished essay by Luigi Spaventa written in 1958 when the author was a student at Cambridge. The work presents two sharp criticisms of the theory proposed by Patinkin in his Money, Interest, and Prices with the aim of showing how the rehabilitation of neoclassical macroeconomic theory is unconvincing.

References

Archibald G.C. and Lipsey R.G. (1958), “Monetary and Value Theory: A Critique of Lange and Patinkin”, Review of Economic Studies, 16(1), October, pp. 1-22.

Lutz F.A. (1967), The Theory of Interest, Dordrecht: D. Reidel Publishing Company.

Patinkin D. (1956), Money, Interest, and Prices. An Integration of Money and Value Theory, Evanston: Row Peterson.

Roncaglia A. (2013), “Luigi Spaventa”, PSL Quarterly Review, 66(266), pp. 171-199.

Spaventa L. (2025), “On Professor Patinkin’s Money, Interest, and Prices”, PSL Quarterly Review, 78(314), pp. xx-xx.

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Published

2025-10-13

How to Cite

Di Matteo, M. (2025). Introduction. PSL Quarterly Review, 78(314), 285–286. https://doi.org/10.13133/2037-3643/19112

Issue

Vol. 78 No. 314 (2025): September

Section

Articles

License

Copyright (c) 2025 Massimo Di Matteo

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