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On J M Keynes's Correspondence about His General Theory IS-LM Model with Harrod and Hicks on Their Interpretations of His IS-LM Model : Keynes Had No Major Objections Because IS-LM...
Brady, Michael Emmett - 2017
J M Keynes engaged in correspondence over the IS-LM model contained in chapter 15 of the General Theory with R. Harrod … his own model of IS LM in the General Theory, as laid out by Keynes explicitly in chapter 15 of the General Theory … by Keynes within the broader framework of his Theory of Effective Demand, presented in the General Theory in chapters 3 …
Persistent link: https://www.econbiz.de/10012955766
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J M Keynes, Not R Kahn, Created and Developed the Logical Theory of the Multiplier in the General Theory in 1936 Based on His a Treatise on Probability Exposition in 1921 : Kahn’s...
Brady, Michael Emmett - 2018
completely worked out application of the theory of the multiplier in the EJ. Keynes delegated this task to Kahn. Kent (2007 …) demonstrated that in May 1929, Keynes had applied his logical theory of the multiplier in preparation for a speech in which he … in his application of the mathematical theory of the multiplier. Keynes privately showed Kahn sometime between May 1929 …
Persistent link: https://www.econbiz.de/10012907306
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Correcting Paul Samuelson’s Small Error in His November, 1963 Eulogy for Robertson : Dennis Robertson Erred Seriously in His Evaluation of Keynes’s Differential Calculus–Based Mult...
Brady, Michael Emmett - 2018
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
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Keynes Versus Robertson in 1936–1937 : Robertson’s Mathematical Illiteracy Prevented Him From Understanding Keynes’s Is-Lm(lp) Model in the General Theory
Brady, Michael Emmett - 2018
assumption at both the micro and macro levels.It was impossible for Robertson to follow Keynes's theory, even though he …
Persistent link: https://www.econbiz.de/10012909828
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Confusing Keynes's Theory of the Rate of Interest in the General Theory with Keynes's IS-LM(LP) Model : There Is No IS-LM (LP) Model in Chapter 18 of the General Theory Because Key...
Brady, Michael Emmett - 2017
There is no IS-LM (LP) model of Keynes's theory of the rate of interest and liquidity preference in chapter 18 of the … General Theory. Keynes made it very clear in Section IV of chapter 15 that he was going to give a brief summary of his theory … the end of chapter 15 by showing that the neoclassical theory ignored his Liquidity Preference Function (LP) that …
Persistent link: https://www.econbiz.de/10012943526
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Confusing Keynes's Theory of the Rate of Interest in the General Theory with Keynes's IS-LM (LP) Model : There is No IS-LM (LP) Model in Chapter 18 of the General Theory Because Ke...
Brady, Michael Emmett - 2017
There is no IS-LM (LP) model of Keynes's theory of the rate of interest and liquidity preference in chapter 18 of the … General Theory. Keynes made it very clear in Section IV of chapter 15 that he was going to give a brief summary of his theory … the end of chapter 15 by showing that the neoclassical theory ignored his Liquidity Preference Function (LP) that …
Persistent link: https://www.econbiz.de/10012943529