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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 …
Persistent link: https://www.econbiz.de/10012909554
the General Theory appeared in print. Keynes used a terminology that substituted Liquidity Preference (LP) for the later … briefly in Section IV of chapter 15, and then presented in great detail in Section IV of chapter 21 of the General Theory …
Persistent link: https://www.econbiz.de/10012948500
Economists who analyzed Keynes's Diagram on page 180 of the General Theory erred by (a) reading only the first one … Theory demonstrated, the main model of the GT is Keynes's version of IS - (LP) LM. The Theory of Effective Demand, based on … his uncertainty analysis in the General Theory simply because the overwhelming number of economists, then as now, accepted …
Persistent link: https://www.econbiz.de/10012950893
handles ordinal probability, the theory of the Treatise on Probability is that of “Approximation,” which is interval valued …
Persistent link: https://www.econbiz.de/10012923787