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Joan Robinson had no idea about what Keynes was talking about in the General Theory with respect to (a) Keynes's Aggregate Supply Curve of Chapter 20,which is a locus of all possible, multiple equilibrium results (Full employment, underemployment, involuntary unemployment), his Liquidity...
Persistent link: https://www.econbiz.de/10012909585
Joan Robinson was a self admitted, mathematically illiterate economist who had no idea about what Keynes was doing or saying in the period 1930-1936. She relied completely for her understanding of economics on her very close, personal relationship with R. Kahn. Kahn would explain and develop the...
Persistent link: https://www.econbiz.de/10012944818
An enduring myth accepted by all Orthodox and heterodox economists is that it was Richard Kahn who discovered and originated the concept of the multiplier. Kahn then supposedly showed Keynes how the multiplier concept could be specified mathematically so as to provide hard support for Keynes's...
Persistent link: https://www.econbiz.de/10012823476
Persistent link: https://www.econbiz.de/10012823536