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suspect, her claim that Keynes had a purely monetary theory of the rate of interest, her claim that there is no IS-LM model in … the General Theory, her claim that users of the IS-LM model that Keynes created are Bastard Keyesians, her claim that J … theory of value, her claim that Kahn was responsible for developing Keynes’s aggregate supply function in the General Theory …
Persistent link: https://www.econbiz.de/10013242515
Theory between 1930 and February, 1936, given the nature of these exchanges.Keynes is very specific as regards his Liquidity … preference theory of the rate of interest:“You do not seem to realize that if you are right the whole theory of liquidity …, Keynes spent a great deal of time and effort trying to correct her many errors about his Liquidity Preference Theory of the …
Persistent link: https://www.econbiz.de/10013242633
anything Keynes was talking about in either the A Treatise on Probability or General Theory. Keynes only realized this only …
Persistent link: https://www.econbiz.de/10013242857
reader to the conclusion that Kahn invented and developed the theory of the multiplier. However, these claims directly … derived from Keynes, then Shackle's claims that Kahn invented and developed the theory of the multiplier is dubious.A myth has … development of the General Theory that was of such great importance that Keynes would not have been able to write the General …
Persistent link: https://www.econbiz.de/10012828652
J. M. Keynes based the ethical foundations of the General Theory on a type of Virtue Ethics that he had learned from G … two major points made by Keynes in the General Theory. First, Utilitarianism, of whatever type, collapses if either the …
Persistent link: https://www.econbiz.de/10012947700
Theory, incorporating Uncertainty and Expectations, is the main message of the General Theory, has led to the failure to … consumption function with an MPC that would allow him to apply the investment multiplier. Pigou's theory of the rate of interest … Keynes had shown was impossible on pp.179-182 of the GT and which Keynes described as a “nonsense” theory. At best, Pigou was …
Persistent link: https://www.econbiz.de/10012914960