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Practically all of R. Skidelsky's views on Keynes's General Theory are a reflection of the many myths about Keynes that … General Theory. Joan Robinson never worked with Keynes on the writing of the General Theory because she did not have the … claim by Skidelsky that Keynes's theory of the rate of interest was a purely monetary theory in which the marginal …
Persistent link: https://www.econbiz.de/10012914764
, mathematical, modeling strategy of A C Pigou in his The Theory of Unemployment (1933).Pigou's approach was to treat macroeconomic … the General Theory was written by A. Greenspan in 2004 …
Persistent link: https://www.econbiz.de/10012915819
The major error made in the history of economic thought concerning Keynes's General Theory is the false belief that he …, mathematical equations .Of course, Keynes was very critical in the General Theory of precisely this Marshallian, partial … equilibrium, approach to macroeconomics as used by Pigou in 1933 in The Theory of Unemployment. Keynes's critique of Pigou was …
Persistent link: https://www.econbiz.de/10012915968
Keynes's logical theory of probability was NOT the first explicit and detailed approach to logical probability. George …'s own logical theory was built on both the work of Boole and the work of William E. Johnson. This paper will deal with the … built his logical theory of probability and who were the scholars whom Keynes built his approach to logical probability on …
Persistent link: https://www.econbiz.de/10012845317
J M Keynes rejected Ramsey's subjective theory of probability in general. He did accept Ramsey's betting quotient … Keynes never accepted Ramsey's subjective approach to probability because there was no place in that theory for interval … evidence that allows a reader to conclude that Keynes remained an adherent practitioner of his theory of logical probability …
Persistent link: https://www.econbiz.de/10012965581