In his August 30th, 1935 letter to Keynes, Harrod not once, but twice, conceded that Keynes had radically reconstituted the classical and neoclassical theory of the rate of interest by pointing out that the standard theory was one equation short. However, by adding the missing Liquidity...

Extreme mathematical illiteracy played a basic, fundamental role in the assessments made by Joan Robinson, Ralph Hawtrey and Dennis Robertson of Keynes's Theory of Liquidity Preference, which Harrod described in an August 30 1935, letter to Keynes as a major reconstruction of interest rate...

An analysis of Confucius and Smith demonstrates that both are presenting arguments that are extremely close in their conclusions.The Analects present a powerful case against utilitarian ethics in a manner which is very similar to Smith's argument against utilitarianism.Smith and Confucius...

On pp.37-38 of the A Treatise on Probability ,Keynes was very clear that he was only going to present a 'brief' analysis of non numerical probability graphically as an illustration. However, in Part II, he stated he would present a 'detailed' analysis. This detailed mathematical and logical...

Professor Sakai has intuitively and heuristically demonstrated correctly that Keynes's introductory diagram on page 39 of the 1921 edition (Page 42 of the CWJMK 1973 edition), which Keynes intended to be only a brief introduction illustrating his theory of measurement in chapter III of the A...