Showing 1 - 10 of 215
A. Hansen's gross error concerning J M Keynes's analysis in chapter 14 on pp. 180-181 of the General Theory in his A Guide to Keynes changed the course of economic thought and economic history for the worse due to the millions of economics students who, instead of reading the General Theory,...
Persistent link: https://www.econbiz.de/10012953342
Persistent link: https://www.econbiz.de/10001012312
Persistent link: https://www.econbiz.de/10008748683
Persistent link: https://www.econbiz.de/10009530476
Persistent link: https://www.econbiz.de/10009530492
Persistent link: https://www.econbiz.de/10008910018
Persistent link: https://www.econbiz.de/10009757333
Persistent link: https://www.econbiz.de/10009300103
This paper shows how Keynes used the neoclassical marginal productivity theory of one variable input, labor, and one fixed input, capital, to embed expectations of future prices and profits in a micro foundation of the theory of purely competitive firms. Keynes then generalized his technical...
Persistent link: https://www.econbiz.de/10014207822