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Hume's contribution to modern economics is normally thought of in terms of his early statement of the quantity theory …'s theory of human nature and his theory of knowledge in order to understand how he viewed economic behaviour as inherently …
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Theory, erred in not taking into account Keynes's detailed, painstaking analysis on pp.180-182 of the General Theory, where … effective rate of interest, r1 or r2? Of course, the answer is that the neoclassical theory is unable to pick out either r1 or r …2 . The answer is indeterminate because the neoclassical theory is “… one equation short of what is required to give a …
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The manner in which R. Kahn presented his mathematical results on the multiplier in the Economic Journal of June, 1931, is identical to the style of presenting mathematical results used by Keynes to present his mathematical analysis starting with the A Treatise on Probability in 1921. Keynes's...
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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 …
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