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the D-Z model of Chapters 20 and 21, supports Keynes's IS - LM.Keynes never expected the economics profession to accept …
Persistent link: https://www.econbiz.de/10012950893
J. Viner, as well as all other economists who have written on Keynes's analysis of the rate of interest in the General Theory, erred in not taking into account Keynes's detailed, painstaking analysis on pp.180-182 of the General Theory, where Keynes clearly and carefully derived and identified...
Persistent link: https://www.econbiz.de/10012953043
the argument, V, was an important breakthrough, along with Keynes' conventional coefficient of weight and risk, c …
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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...
Persistent link: https://www.econbiz.de/10012907803
The unanimous conclusion of philosophers and economists over the last 100 years is that Keynes‘s contribution to a theory of imprecise probability in his A Treatise on Probability was to provide some interesting notions, intuitions, ideas, suggestions, hints, or clues about imprecise...
Persistent link: https://www.econbiz.de/10012826837
impossible to analyze in (r,Y) space except with an IS-LM model.The economics profession has incorporated these myths into the … division undergraduates in all economics courses, even though Smith himself completely rejected any such theory in both the …
Persistent link: https://www.econbiz.de/10012827432