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Confusing Keynes's Theory of the Rate of Interest in the General Theory with Keynes's IS-LM (LP) Model : There is No IS-LM (LP) Model in Chapter 18 of the General Theory Because Ke...
Brady, Michael Emmett - 2017
There is no IS-LM (LP) model of Keynes's theory of the rate of interest and liquidity preference in chapter 18 of the General Theory. Keynes made it very clear in Section IV of chapter 15 that he was going to give a brief summary of his theory and application of the model there while he would...
Persistent link: https://www.econbiz.de/10012943529
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A Study of How Economists Completely Overlooked and Misunderstood Keynes's Statements that '… If We Have All the Facts Before Us, We Shall Have Enough Simultaneous Equations to Giv...
Brady, Michael Emmett - 2017
Economists since 1936 have been unable to understand or comprehend Keynes's clear statements in chapter 21 that ”… if we have all the facts before us, we shall have enough simultaneous equations to give us a determinate result” on p.299 of the General Theory and Keynes's statement that...
Persistent link: https://www.econbiz.de/10012944454
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An Analysis of Joan Robinson's Virulent Attacks on J. M. Keynes, the General Theory and the IS-LP(LM) Model : On the Need for Historians of Economic Thought to Remove Joan Robinson...
Brady, Michael Emmett - 2017
Joan Robinson was a self admitted, mathematically illiterate economist who had no idea about what Keynes was doing or saying in the period 1930-1936. She relied completely for her understanding of economics on her very close, personal relationship with R. Kahn. Kahn would explain and develop the...
Persistent link: https://www.econbiz.de/10012944818