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acknowledge that Keynes had made a “radical reconstruction” of the theory of the rate of interest. Special significance can be … given to Keynes's three point post script in which Keynes demonstrated that the classical theory of the rate of interest had … a radical reconstruction of the theory of the rate of interest in his letter of August 30, 1935.The result was that …
Persistent link: https://www.econbiz.de/10012911516
Practically all of R. Skidelsky's views on Keynes's General Theory are a reflection of the many myths about Keynes that … General Theory. Joan Robinson never worked with Keynes on the writing of the General Theory because she did not have the … claim by Skidelsky that Keynes's theory of the rate of interest was a purely monetary theory in which the marginal …
Persistent link: https://www.econbiz.de/10012914764
, mathematical, modeling strategy of A C Pigou in his The Theory of Unemployment (1933).Pigou's approach was to treat macroeconomic … the General Theory was written by A. Greenspan in 2004 …
Persistent link: https://www.econbiz.de/10012915819
The major error made in the history of economic thought concerning Keynes's General Theory is the false belief that he …, mathematical equations .Of course, Keynes was very critical in the General Theory of precisely this Marshallian, partial … equilibrium, approach to macroeconomics as used by Pigou in 1933 in The Theory of Unemployment. Keynes's critique of Pigou was …
Persistent link: https://www.econbiz.de/10012915968
) on pages 207-208 of the General Theory in chapter 15 in the course of his discussions of the problem of Absolute … reviewing the General Theory. Unfortunately, he incorrectly referenced pages 200-201 of the General Theory on page 154 in his … discussion by Keynes of this problem on pages 201-202 of the General Theory. Keynes's discussion appears on pages 207-208. Hicks …
Persistent link: https://www.econbiz.de/10012918507