Pictured above is Donald Patinkin, an Israeli and American monetary economist. Born in Chicago in the early 1920s, Patinkin was raised by Russian Jewish immigrants. Patinkin attended the University of Chicago where he received his PH.D and later taught at the University of Chicago as well as the University of Illinois. He wrote some of the most influential books regarding monetary macroeconomics in the 1950's and 60's. His work traversed the roles of money and value, and was widely valued as the most advanced literature in this time period on those subjects. Being that I am currently studying intermediate macroeconomics coupled with economics 490, I am excited to learn more about the studies he so heavily influenced.
We read Patinkin's book, Money, Interest, and Prices when I was a grad student. It was full of four quadrant diagrams that vexed many of my classmates. You guys are lucky we won't be doing that this semester.
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