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Keynes carefully, clearly and cogently derived his IS and LM curves in the General Theory. They are practically … chapter 26 of the A Treatise on Probability, and the General Theory. Champernowne, faithfully following the lectures of Keynes …
Persistent link: https://www.econbiz.de/10012958071
completely worked out application of the theory of the multiplier in the EJ. Keynes delegated this task to Kahn. Kent (2007 …) demonstrated that in May 1929, Keynes had applied his logical theory of the multiplier in preparation for a speech in which he … in his application of the mathematical theory of the multiplier. Keynes privately showed Kahn sometime between May 1929 …
Persistent link: https://www.econbiz.de/10012907306
The manner in which R. Kahn presented his mathematical results on the multiplier in the Economic Journal of June, 1931, is identical to the style of presenting mathematical results used by Keynes to present his mathematical analysis starting with the A Treatise on Probability in 1921. Keynes's...
Persistent link: https://www.econbiz.de/10012907803
Keynes had completely developed the Logical Theory of the Multiplier in his A Treatise on Probability in 1921 in … Theory of the Multiplier where one would use arithmetic to actually calculate a worked out example of the process. As pointed … problem, which would be based on the Logical Theory of the Multiplier that he had already worked out in 1908 and 1921, to Kahn …
Persistent link: https://www.econbiz.de/10012907805
the process to actually function, so that in the real world it is not instantaneous, with the mathematical theory of the … the General Theory were sound.D. Robertson ‘s confused attempts at critiquing Keynes's concepts of the logical theory of …
Persistent link: https://www.econbiz.de/10012909554
assumption at both the micro and macro levels.It was impossible for Robertson to follow Keynes's theory, even though he …
Persistent link: https://www.econbiz.de/10012909828
O Lange's failure to read chapters 20 and 21 of the General Theory accounts for his failure to use Keynes already …. Chapter 3 of the General Theory only presents an outline of what Keynes actually did later in the General Theory in chapters … 20 and 21. No Aggregate Supply Curve was constructed in chapter 3 of the General Theory or even mentioned. Keynes gave …
Persistent link: https://www.econbiz.de/10012910376