aggregate income ,Y, in order to support the existing classical (neoclassical ) theory of the rate of interest in (r;I,S ) space …, is very similar to Pigou's assumption of ceteris paribus in his 1933 The Theory of Unemployment, so that he could apply … his Marshallian apparatus of partial equilibrium. Keynes's main point in the appendix to Chapter 19 of his General Theory …

, who are considered to be the top Heterodox experts on Keynes's A Treatise on Probability, logical theory of probability …, and of the connections between the A Treatise on Probability and Keynes's General Theory. The exchanges between Sheila Dow …

-Townshend correspondence in 1937 – 1938 over the connections between the A Treatise on Probability and the General Theory, as …'s critique in his lifetime and continued to use his own logical theory of imprecise probability .Ramsey's subjective theory of … probability is a theory of precise probability that can't deal with overlapping evidence or conflicting evidence.Of course, Keynes …

January, 1922 issue of the Cambridge Magazine that supposedly demolished and destroyed Keynes’s logical theory of probability ….Ramsey had no idea about what Keynes’s logical theory of probability was. For instance, Ramsey had no idea that Keynes’s logical … Ramsey did destroy and demolish Keynes’s theory, a theory that is the backbone of Keynes’s 1936 General Theory.Apparently, it …

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 17,the margin notes made by Sraffa are all erroneous .Sraffa’s margin notes …

-299 in Chapter 21 of the General Theory.The only two possible conclusions that explain the total failure of macroeconomists … pp.298-299 in Chapter 21 of the General Theory is (a) that they are either very poor applied mathematicians or (b) they …

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 belief while Ramsey’s theory is based on actual events or outcomes, is precise and … preferences are linear.L J Savage’s important restriction, ignored by most all economists ,that his subjective theory of …

21 of the General Theory in 1936 first presenting the model on pp.298-299 and then discussing his IS-LM model’s strengths … important if an IS-LM framework was to be a good summary of the General Theory. We then consider whether Hicks’s IS-LM framework …

development of the General Theory between 1930 and February, 1936, given the nature of these exchanges. Keynes is very specific as … regards his Liquidity preference theory of the rate of interest: “You do not seem to realize that if you are right the whole … theory of liquidity preference has to be thrown overboard…Such a conclusion cannot be brought in as a tacit inference from an …