Keynes created, developed ... …

. Keynes`s treatment of the labour market in The General Theory. Champernowne`s and Robinson`s critical reactions represented … argument of the book. They rejected, albeit for different reasons, Keynes`s notion of the point of full employment as an upper … limit defined by the equality between the real wage rate and the marginal disutility of employment. Instead of Keynes …

. Keynes correctly showed in the General Theory that you could not specify the rate of interest just from the supply of savings … and demand for investment schedules alone because this only provided an IS curve. However, Keynes erred in claiming that … it was the demand and supply of money that determined the rate of interest. This meant that Keynes was arguing that the …

The economics profession's failure to recognize that Keynes's IS-LP(LM) model of chapters 15 and 21 of the General … recognize that Keynes's critique of Pigou's partial equilibrium, the Marshallian model of the macroeconomy, as presented in … Chapter Two and the Appendix to chapter 19, is not only entirely correct but understated. Keynes recognized Pigou's treatment …

In August 1937, Keynes discovered that Pigou, with the very explicit and rabid support of Dennis Robertson, was … "The Theory of Unemployment". In 1937, Pigou argued that there were two separate theories of interest rate determination … Aggregate Income-rate of interest (Y,r) space. Keynes correctly pointed out that the missing equation in Pigou’s paper was …