Brady, Michael Emmett - 2017
F. Modigliani presented a special case of Keynes's General Theory result in 1944 in his “Liquidity Preference and the … Keynes's chapter 15 IS-LM model with microeconomic foundations in the theory of the firm that included a production function … and labor market. Modigliani overlooked the fact that Keynes had already done exactly that in his chapters 20 and 21 of …