Keynes's Theory of Effect ... …

Delivered at Oxford by a Cambridge Economist”. It represents a total, direct attack on J. M. Keynes and the General Theory. Joan … Theory rests completely on the type of rationale contained in a 1983 Journal of Economic Literature article by Gram –Walsh …, where they express their belief that, since she worked directly with Keynes on the writing of the General Theory, then she …

Keynes provided two versions of his IS-LM(LP) model in the General Theory. The first version was the verbal, English …, literary, prose version contained in chapter 18 of the General Theory. This version was targeted for economists, such as Joan … Richard Kahn actually worked with J M Keynes on the writing the General Theory, their claim, that there is no IS-LM model in …

introduction, outline and summary of the D-Z model on pages 24-32 of chapter 3 of the General Theory. The D-Z model focused … and theory of the firm, with uncertainty and profit expectations integrated into the formal model, was done within the … chapters 20 and 21 of the General Theory.Keynes's final IS-LM(LP) model represents a major improvement over Keynes's first …

happened to Keynes in the days of high theory and to Krugman in these days. Keynes applied a defect formalism, which is here …