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On the Many and Great Contradictions Present in Hicks’s June, 1936 Economic Journal Review of the General Theory When Compared to His April, 1937 Econometrica Article : Hicks Did Not Correctly Cite the 1936 Champernowne and Reddaway Reviews of the General Theory or the General Theory

Brady, Michael Emmett - 2018

Persistent link: https://www.econbiz.de/10012919643

On Keynes's Description of the Elasticity of His LP (LM) Curve on page 207 of the General Theory ('The Most Striking Examples of a Complete Breakdown of Stability in the Rate of Interest, Due to the Liquidity Function Flattening Out in One Direction or the Other, Have Occurred in Very Abnormal Circumstances.') : Why It was Overlooked for 82 Years by Economists

Brady, Michael Emmett - 2018

J M Keynes's clear and exact statement describing the elasticity of his LP (LM) equation can be contrasted with the complete and total failure on the part of the economics profession, for the last 82 years, to grasp what it was that he was talking about. Keynes's statement on page 207, that "The...

Persistent link: https://www.econbiz.de/10012919914

How Keynes's Mathematical Analysis in Chapters 20 and 21 of the General Theory of His Elasticity Ew, Which Could Take on Any Values between ew =0 (Rigid, Given, Fixed, Constant, or Inflexible Money Wages) and ew =1 (Flexible Money Wages) Completely Destroys F. Modigliani's 1944 Econometrica Conclusion that Keynes's General Theory Category of Involuntary Unemployment Required Rigid Money Wages

Brady, Michael Emmett - 2018

Persistent link: https://www.econbiz.de/10012920950

On Hicks's Own, Explicit Acknowledgment, Made in His 1937 Econometrica Article, That It Was J M Keynes Who Had First Presented an IS-LM Model in the General Theory : Hick's Model Was Only a Slight Improvement

Brady, Michael Emmett - 2018

Persistent link: https://www.econbiz.de/10012921591

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 Contribution in the General Theory Was an Applied One, Not a Theoretical One

Brady, Michael Emmett - 2018

J M Keynes had already completely developed the technical, mathematical and logical framework of analysis for the concept of the multiplier in his A Treatise on Probability in 1921 long before Richard Kahn came to Cambridge in 1927 at the age of 22. However, Keynes did not have the time or...

Persistent link: https://www.econbiz.de/10012907306

Samuelson’s Neoclassical Synthesis Did Not Betray Keynes : Keynes Had Offered Just Such a Synthesis in the General Theory, As Well As to Hicks and Harrod in Correspondence, in 1936

Brady, Michael Emmett - 2018

Persistent link: https://www.econbiz.de/10012907495

The Final Chapter in Keynes's 'History of the Multiplier Doctrine' Had Already Been Written in the 'A Treatise on Probability' in 1921 in Chapter 26

Brady, Michael Emmett - 2018

R J Kent's 2007 History Of Political Economy article ends with the claim that “…But there certainly are many unanswered questions concerning Keynes's role in the development of the multiplier…”. Pace Kent, anyone who has read Keynes's chapter 26 in the A Treatise on Probability in 1921...

Persistent link: https://www.econbiz.de/10012907509

Kahn’s Mathematical Style, in His June, 1931 Multiplier Article in the Economic Journal, Is Identical to Keynes’ Style of Presenting Mathematical Results Starting in 1921 in the A Treatise on Probability

Brady, Michael Emmett - 2018

The manner in which R. Kahn presented his mathematical results on the multiplier in the Economic Journal of June, 1931, is identical to the style of presenting mathematical results used by Keynes to present his mathematical analysis starting with the A Treatise on Probability in 1921. Keynes's...

Persistent link: https://www.econbiz.de/10012907803

On Keynes’s Formal Development of the Logical Theory of the Multiplier in the A Treatise on Probability in 1921 : It Was Keynes Who Helped Kahn, Not Kahn Who Helped Keynes

Brady, Michael Emmett - 2018

Keynes had completely developed the Logical Theory of the Multiplier in his A Treatise on Probability in 1921 in chapter 26 on page 315 and in footnote 1 on page 315. This same analysis appears in his second, 1908, Fellowship Dissertation at Cambridge University. Keynes, however, had no interest...

Persistent link: https://www.econbiz.de/10012907805

J M Keynes Had Already Mastered the Mathematical and Logical Theory Required to Develop the Concept of the Multiplier in His a Treatise on Probability in 1921 (and in His 1908 Second Fellowship Dissertation Submitted at Cambridge, England) Long Before Kahn’s 1931 Article on the Employment Multiplier

Brady, Michael Emmett - 2018

Persistent link: https://www.econbiz.de/10012907984