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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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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 …
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forward in both The Theory of Moral Sentiments and The Wealth of Nations. Self interest is prudent behavior. Prudent behavior …
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Hicks's 1937 interpretation of Keynes's 1936 General Theory IS-LP(LM) model, which was analyzed in (r,Y) space by … pp.200-202, 207 and p.298 of the General Theory. Keynes provides a specific, written description of the LP curve, Hicks … without citing Keynes's technical description on page 207 of the General Theory. Hicks only cites pp.200-201 of the General …
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