W Brian Reddaway's IS-LM model ,contained in his 1936 Economic Record paper that reviewed the General Theory, is inferior to both the original December, 1933 Keynes model, originally presented to his students, that Keynes updated in November, 1935 and the 1936 IS-LP(LM) model that Keynes briefly...

J Derbyshire has recently repeated G L S Shackle's original attack on the concept of probability in a number of recent articles. He adds nothing new to Shackle's arguments of forty to eighty years ago that were completely refuted in 1959 by R. Weckstein, who based his refutation of Shackle on a...

J M Keynes could not respond to Ramsey’s 1922 Cambridge Magazine “article” because Keynes’s response would have required him to methodically show that every paragraph of Ramsey’s 3 page note didn’t make any sense at all due to the large numbers of errors of commission and omission....

The many, many myths created by Joan Robinson about J M Keynes and the General Theory, starting in the early 1930’s, have become embedded in the history of macroeconomics.These myths, such as the claim that Joan Robinson worked closely with Keynes on the writing of the General Theory, that R....

The first page of the 18 year old, F. P. Ramsey’s very short three page review, in the Cambridge Magazine issue of Jan., 1922, of Keynes’s A Treatise on Probability is comprised of claims about Keynes’s logical theory of probability that, to use L. J. Savage’s characterization of...

C. Misak’s 2020 biography of Ramsey has major errors in it, as regards the influence of Ramsey on Keynes with respect to the issue of probability, as well as her completely unsubstantiated retelling of the R B Braithwaite myth that an 18 year old Frank Ramsey showed up at Cambridge University...

Sraffa made a number of margin notes in chapter 17 in his copy of the General Theory .Contrary to Joan Robinson’s 1978 claim ,that Sraffa had uncovered logical and mathematical errors in Keynes’s liquidity preference theory of the rate of interest when he generalized his theory in chapter...

P. Samuelson showed clearly in 1952 that a mathematical economics analysis using abstract symbols can be written out in clear English(or any other language) as well.Samuelson’s assessment of the interchangeability of a correctly translated mathematical analysis into English was clearly...

The crucial differences between Keynes’s and Ramsey’s theories of logical and subjective probability are insurmountable Keynes’s theory is based on propositions, imprecise, Inexact, interval valued probability (or decision weights that are non-additive), and deals with degrees of rational...