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review.Reddaway's own interpretation of an IS-LP(LM) model is inferior to both places in the General Theory where Keynes … pp. 297-298, where Keynes attacks the use of pseudo mathematical exposition in the General Theory, while completely …
Persistent link: https://www.econbiz.de/10012946855
J. M. Keynes's general comments made on pp. 275-276, pp. 297-298, and p.305 of the General Theory concerning the … potential problems with the model, was presented on pp. 298-303 of the General Theory. Keynes spent five pages listing what … applying the model, were presented by Keynes. Nevertheless, Keynes made it crystal clear on p. 299 of the General Theory that …
Persistent link: https://www.econbiz.de/10012947454
time. It was left to Paul Samuelson to institute such a synthesis in 1955. Keynes's model of his theory and the … neoclassical limiting case is provided at the end of chapter 15 and in chapters 20 and 21 of the General Theory in his elasticity … with Backhouse's claims that Keynes never identified his General Theory functions as being curves, because, according to …
Persistent link: https://www.econbiz.de/10012948201
the General Theory appeared in print. Keynes used a terminology that substituted Liquidity Preference (LP) for the later … briefly in Section IV of chapter 15, and then presented in great detail in Section IV of chapter 21 of the General Theory …
Persistent link: https://www.econbiz.de/10012948500
Probability and the concept of uncertainty in the General Theory both follow directly from Keynes's analysis and application of …
Persistent link: https://www.econbiz.de/10012948978
in the General Theory is contained in chapter 15 on pp.199-203, 208-09 where it is summarized and briefly analyzed. It is … more comprehensively analyzed in chapter 21 on pp.298-303. The General Theory versions in chapters 15 and 21 are much more … work contained in chapters 15 and 21 of the General Theory …
Persistent link: https://www.econbiz.de/10012949865
chapter 21 of the General Theory that is duplicated in his 1937 Quarterly Journal of Economics article . In his 1937 reply …, his summary of the two main reasons for his disagreement with Classical and Neoclassical theory were connected and not in … the General Theory is simply false with no support. The Neoclassical failure to deal with uncertainty caused the …
Persistent link: https://www.econbiz.de/10012950753
Economists who analyzed Keynes's Diagram on page 180 of the General Theory erred by (a) reading only the first one … Theory demonstrated, the main model of the GT is Keynes's version of IS - (LP) LM. The Theory of Effective Demand, based on … 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