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Keynes provided two versions of his IS-LM(LP) model in the General Theory. The first version was the verbal, English …, literary, prose version contained in chapter 18 of the General Theory. This version was targeted for economists, such as Joan … Richard Kahn actually worked with J M Keynes on the writing the General Theory, their claim, that there is no IS-LM model in …
Persistent link: https://www.econbiz.de/10012870801
introduction, outline and summary of the D-Z model on pages 24-32 of chapter 3 of the General Theory. The D-Z model focused … and theory of the firm, with uncertainty and profit expectations integrated into the formal model, was done within the … chapters 20 and 21 of the General Theory.Keynes's final IS-LM(LP) model represents a major improvement over Keynes's first …
Persistent link: https://www.econbiz.de/10012871588
Mirowski's 2012 HES Presidential address on Samuelson as a historian of economics and economist contains a number of errors of omission and commission. This paper corrects these errors, be they partial or total errors. One example is Mirowski's contention that it was Samuelson and his student,...
Persistent link: https://www.econbiz.de/10012977379
The major impediment standing in the way for economists seeking to understand Adam Smith's The Theory of Moral …
Persistent link: https://www.econbiz.de/10012977960
Persistent link: https://www.econbiz.de/10012978666
second. Joseph Schumpeter, with his 1911 Theory of Economic Development contribution, is ranked third, while Keynes with his …
Persistent link: https://www.econbiz.de/10013003722