651-664) Patinkin reviews empirical investigations of the real-balance effect, noting that most of the studies are in effect estimates of the impact of liquid wealth holdings, rather than just real balances, on consumption. 3. Reviews of the book.
In an article published in 1993 in a festschrift for Patinkin7, I reviewed both editions of MIP.The book had been reviewed by at least twelve reviewers, whose verdicts were largely favorable, with almost all recognizing that they were dealing with a major work. 4. Supplementary Notes.