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Joan Robinson created a large number of myths in her lifetime aimed at attacking Keynes, such as the claim about R. Kahn inventing and teaching Keynes about the Multiplier, her claim that Keynes’s ‘instantaneous ‘ multiplier is highly suspect, her claim that Keynes had a purely monetary...
Persistent link: https://www.econbiz.de/10013242515
Economists who analyzed Keynes's Diagram on page 180 of the General Theory erred by (a) reading only the first one … the D-Z model of Chapters 20 and 21, supports Keynes's IS - LM.Keynes never expected the economics profession to accept … his uncertainty analysis in the General Theory simply because the overwhelming number of economists, then as now, accepted …
Persistent link: https://www.econbiz.de/10012950893
J M Keynes's supposed attack on mathematical economics is a myth created by Joan Robinson and her fellow Pseudo … economics. Of course, he does attack “pseudo mathematics” and “mathematical” economics. What Keynes was attacking was the formal …
Persistent link: https://www.econbiz.de/10012915819