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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
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
In his August 30th, 1935 letter to Keynes, Harrod not once, but twice, conceded that Keynes had radically reconstituted the classical and neoclassical theory of the rate of interest by pointing out that the standard theory was one equation short. However, by adding the missing Liquidity...
Persistent link: https://www.econbiz.de/10012911542
functions with one independent variable are analyzed.I will show that later economists, discussing Keynes's pages 179 … equilibrium approach, where only functions with one independent variable are allowed to be specified. Other economists, who work …
Persistent link: https://www.econbiz.de/10012911779