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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 theory. Harrod stated that the classical (neoclassical) theory of ….” Of course, Harrod is talking about the equation on page 199 of the General Theory which had two independent variables, Y …
Persistent link: https://www.econbiz.de/10012911779
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...
Persistent link: https://www.econbiz.de/10012889656
.In Chapter 15, he provided the detailed mathematical application of his logical theory of probability. Keynes followed through on …
Persistent link: https://www.econbiz.de/10012890989
pages in The Theory of Moral Sentiments discussing the rationale of what he calls the “poor man's son”.A systematic approach …
Persistent link: https://www.econbiz.de/10012894398
Shackle's attempt to completely redefine Keynes's definition of uncertainty in chapter 12 of the General Theory, which … 10 years in the General Theory ,and 20 to 33 years in his 1937 Quarterly Journal of Economics article. Keynes's IS … concerning the use of his IS-LM(LP) model on pages 298-303 of the General Theory, to calculate a quantitative, determinate …
Persistent link: https://www.econbiz.de/10012896971