ABSTRACT
Money, Interest and Prices [MIP] is unambiguously one of the most important economics treatises of the twentieth century. It is clearly in the tradition of Hicks’s Value and Capital and Keynes’s General Theory, both of which Patinkin tried to extend in the various editions of MIP (1965: xxiv-xxv). Moreover, according to Patinkin, MIP is based upon the ideas first presented in his 1947 Chicago doctoral dissertation and “further developed in a series of articles published in various journals and anthologies through the years 1948 to 1954” (1965: xvii). In order to understand Patinkin’s treatment of expectations in the various editions of MIP, therefore, reference must be made to the influences upon his ideas regarding them, and his papers over the period 1948-54, in which he utilized them.
