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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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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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There Was No IS-LM Enigma : Both Keynes’s IS-LM(LP) and D-Z Models of Chapters 20 and 21 Together Make Up Keynes’s General Theory
Brady, Michael Emmett - 2019
All of J .M .Keynes's earlier 1933-1935 versions of his IS-LM(LP) model contained a serious inconsistency. These earlier models all incorporated both actual and expected outcomes in the same model. The units did not match up. Keynes solved this problem by himself by splitting off the D-Z model...
Persistent link: https://www.econbiz.de/10012895943
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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