Economy, asked by tushar4932, 1 year ago

Patinkin's integration of monetary and value theory

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Answered by asseembhinder

0

In Pigou's terminology, money will be simply a 'veil' covering the underlying operations of the real system. According to Patinkin this contradiction could be removed and classical theory reconstituted by making the demand and supply functions depend on real cash balances as well as relative prices.

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