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, confusions and ineptness. Samuelson had recognized that this problem of mathematical illiteracy existed in the economics … profession by 1936. Economists were shockingly unprepared in the use of even basic intermediate algebra …
Persistent link: https://www.econbiz.de/10012909554
Keynes and Samuelson provided the theoretical, technical and mathematical modeling necessary in order to provide a complete scientific foundation for macroeconomic theory. Keynes's Aggregate Supply Curve (ASC),presented initially on pp. 55-56 in footnote 2 of the General Theory and in great...
Persistent link: https://www.econbiz.de/10012920191
academics in the fields of philosophy and economics handle Keynes’s TP. It must be noted here that Kyburg , Levi, and Runde have …
Persistent link: https://www.econbiz.de/10014173593
In a Table(Table 6.1-Keynes-J .Robinson correspondence ) contained at the back of a 2005 article by Marcuzzo and Sardoni,it is clear that someone had deliberately removed seven of the twelve letters of correspondence between J M Keynes(JMK) and Joan Violet Robinson(JVR) from September,8th...
Persistent link: https://www.econbiz.de/10014091971
the technical and mathematical properties of the multiplier concept is a myth deeply inbedded in the economics profession …. Kahn himself made it quite clear in his 1936 response to H. Neisser in the Review of Economics and Statistics that he had … inkling of.The current universal belief among economists that Kahn developed the theory of the multiplier himself before he …
Persistent link: https://www.econbiz.de/10014093826