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Keynes had completely developed the Logical Theory of the Multiplier in his A Treatise on Probability in 1921 in … Theory of the Multiplier where one would use arithmetic to actually calculate a worked out example of the process. As pointed … problem, which would be based on the Logical Theory of the Multiplier that he had already worked out in 1908 and 1921, to Kahn …
Persistent link: https://www.econbiz.de/10012907805
the process to actually function, so that in the real world it is not instantaneous, with the mathematical theory of the … the General Theory were sound.D. Robertson ‘s confused attempts at critiquing Keynes's concepts of the logical theory of …
Persistent link: https://www.econbiz.de/10012909554
assumption at both the micro and macro levels.It was impossible for Robertson to follow Keynes's theory, even though he …
Persistent link: https://www.econbiz.de/10012909828
O Lange's failure to read chapters 20 and 21 of the General Theory accounts for his failure to use Keynes already …. Chapter 3 of the General Theory only presents an outline of what Keynes actually did later in the General Theory in chapters … 20 and 21. No Aggregate Supply Curve was constructed in chapter 3 of the General Theory or even mentioned. Keynes gave …
Persistent link: https://www.econbiz.de/10012910376
acknowledge that Keynes had made a “radical reconstruction” of the theory of the rate of interest. Special significance can be … given to Keynes's three point post script in which Keynes demonstrated that the classical theory of the rate of interest had … a radical reconstruction of the theory of the rate of interest in his letter of August 30, 1935.The result was that …
Persistent link: https://www.econbiz.de/10012911516
illustrating his theory of measurement in chapter III of the A Treatise on Probability, is meant to demonstrate interval valued …
Persistent link: https://www.econbiz.de/10012891107