of Keynes’s General Theory (1936)”, provides an excellent summary of the error filled Post Keynesian D-Z model, as well … General Theory (1936; GT) directly contradicted the Post Keynesian claim. Davidson and the Post Keynesian school have been … in chapter 3 of the General Theory, but in a later chapter, called “The Employment Function”, which, of course, is …

-Non Ergodic theory of uncertainty and risk on the inductive fallacy of Conditional A priorism (Long Runism). The claim, made by …

Backhouse and Bateman attempt to evaluate Keynes’s written words in the General Theory concerning his view of how … accept the work in decision theory of Ramsey, de Finetti ,Savage, M. Friedman or J. Tobin. Their understanding of what … calculus of probabilities upon which Subjective Expected Utility (SEU) theory is built. Keynes, correctly, viewed this type of …

Economists who analyzed Keynes's Diagram on page 180 of the General Theory erred by (a) reading only the first one … Theory demonstrated, the main model of the GT is Keynes's version of IS - (LP) LM. The Theory of Effective Demand, based on … his uncertainty analysis in the General Theory simply because the overwhelming number of economists, then as now, accepted …

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 …

J M Keynes engaged in correspondence over the IS-LM model contained in chapter 15 of the General Theory with R. Harrod … his own model of IS LM in the General Theory, as laid out by Keynes explicitly in chapter 15 of the General Theory … by Keynes within the broader framework of his Theory of Effective Demand, presented in the General Theory in chapters 3 …