Narrow search
Showing 1 - 10 of 869
Cover Image
On Keynes’s Painstaking Slow Instruction of Harrod on the Technical Aspects of His IS-LM Model in July-September, 1935 : Harrod Only Finally Understood Keynes’s IS-LM Model After H...
Brady, Michael Emmett - 2020
aggregate income ,Y, in order to support the existing classical (neoclassical ) theory of the rate of interest in (r;I,S ) space …, is very similar to Pigou's assumption of ceteris paribus in his 1933 The Theory of Unemployment, so that he could apply … his Marshallian apparatus of partial equilibrium. Keynes's main point in the appendix to Chapter 19 of his General Theory …
Persistent link: https://www.econbiz.de/10012840000
Cover Image
Keynes's March 31, 1937 Message to Hicks About the IS-LM Model : 'At One Time I Tried the Equations, as You Have Done, with I in All of Them'
Brady, Michael Emmett - 2018
rectified in the General Theory. He clearly told Hicks that it was Expected Aggregate Income, and not Actual Income, that … Theory in 1936. It is also quite impossible to view Keynes's IS-LP(LM) version as a neoclassical model.I suggest that the …'s Theory of the rate of interest was a purely monetary one. Joan Robinson's lack of even a basic understanding of pre …
Persistent link: https://www.econbiz.de/10012923296
Cover Image
On the Hicks and the Hicks–Hansen Myths About the Creation of the IS-LM Model : How Did it Happen?
Brady, Michael Emmett - 2018
General Theory. However, this took place only after Section Three, where Keynes had heavily criticized what he termed “…pseudo …
Persistent link: https://www.econbiz.de/10012923608
Cover Image
Hansen's Mistaken View on Keynes's Creation of the IS-LM Model : Where Hansen Went Wrong
Brady, Michael Emmett - 2018
A.Hansen essentially went wrong in his evaluation of Keynes's work in the General Theory (GT;1936) that dealt with the …
Persistent link: https://www.econbiz.de/10012927519
Cover Image
Investopedia Needs to Heavily Revise Its ‘IS-LM Model’ Paper
Brady, Michael Emmett - 2020
Persistent link: https://www.econbiz.de/10012827844
Cover Image
There Was No IS-LM Enigma : Both Keynes’s IS-LM(LP) and D-Z Models of Chapters 20 and 21 Together Make Up Keynes’s General Theory
Brady, Michael Emmett - 2019
All of J .M .Keynes's earlier 1933-1935 versions of his IS-LM(LP) model contained a serious inconsistency. These earlier models all incorporated both actual and expected outcomes in the same model. The units did not match up. Keynes solved this problem by himself by splitting off the D-Z model...
Persistent link: https://www.econbiz.de/10012895943