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There is no IS-LM (LP) model of Keynes's theory of the rate of interest and liquidity preference in chapter 18 of the … General Theory. Keynes made it very clear in Section IV of chapter 15 that he was going to give a brief summary of his theory … the end of chapter 15 by showing that the neoclassical theory ignored his Liquidity Preference Function (LP) that …
Persistent link: https://www.econbiz.de/10012943529
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Delivered at Oxford by a Cambridge Economist”. It represents a total, direct attack on J. M. Keynes and the General Theory. Joan … Theory rests completely on the type of rationale contained in a 1983 Journal of Economic Literature article by Gram –Walsh …, where they express their belief that, since she worked directly with Keynes on the writing of the General Theory, then she …
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, who are considered to be the top Heterodox experts on Keynes's A Treatise on Probability, logical theory of probability …, and of the connections between the A Treatise on Probability and Keynes's General Theory. The exchanges between Sheila Dow …
Persistent link: https://www.econbiz.de/10012824402
-Townshend correspondence in 1937 – 1938 over the connections between the A Treatise on Probability and the General Theory, as …'s critique in his lifetime and continued to use his own logical theory of imprecise probability .Ramsey's subjective theory of … probability is a theory of precise probability that can't deal with overlapping evidence or conflicting evidence.Of course, Keynes …
Persistent link: https://www.econbiz.de/10012825560