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J M Keynes engaged in correspondence over the IS-LM model contained in chapter 15 of the General Theory with R. Harrod and J Hicks in 1937. Keynes had no major objections. How could he? How could Keynes object to interpretations concerning his own model of IS LM in the General Theory, as laid...
Persistent link: https://www.econbiz.de/10012955766
Spanish Abstract: Los autores explican cómo se confirma el teorema de Okishio en una economía capitalista en la cual se considera sólo el capital circulante y son dadas la tecnología y el salario real
Persistent link: https://www.econbiz.de/10012956071
Keynes carefully, clearly and cogently derived his IS and LM curves in the General Theory. They are practically identical to the simultaneous , four equation model that he taught his students in 1933 and 1934. However, Keynes placed the formal IS derivation in chapters 6 and 10 while he derived...
Persistent link: https://www.econbiz.de/10012958071
This article discusses some of the barriers to improved standards of corporate governance in China, including: (1) institutional and structural obstacles; (2) problems arising from the fact that the majority of shares in Chinese companies cannot be traded freely on the stock market; (3)...
Persistent link: https://www.econbiz.de/10012959208
While it seems that China's corporate system lags far behind that of Western developed countries such as the UK, the US or Germany, as early as 1904 China's first corporate law had been promulgated by the imperial government—the Qing Government—which included the rule of limited liability...
Persistent link: https://www.econbiz.de/10012959213
There was a major change in both the tone and claims made about the scientific quality of Keynes's treatment of probability in the A Treatise on Probability in Ramsey's second review of the A Treatise on Probability in 1926 when compared to the earlier 1921 review. The tone became much more...
Persistent link: https://www.econbiz.de/10012960221