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How J M Keynes Presented the Technical Analysis of His IS and LM Curves in the General Theory in 1936 : Why D. Champernowne Got It Right in 1936 and Hicks (Harrod, Meade, Lange) Go...
Brady, Michael Emmett - 2017
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
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A Comparison – Contrast of the Technical Understanding Exhibited by F.Y. Edgeworth in His Two 1922 Book Reviews of J. M. Keynes's a Treatise on Probability with that of the Keynesi...
Brady, Michael Emmett - 2017
F. Y. Edgeworth, in 1922, demonstrated a very deep and penetrating understanding of the technical, mathematical, logical and statistical analysis provided by J M Keynes in 1921 in his magnum opus, the A Treatise on Probability. No other reviewer, except Bertrand Russell, showed such a great...
Persistent link: https://www.econbiz.de/10012960592
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J M Keynes, Not R Kahn, Created and Developed the Logical Theory of the Multiplier in the General Theory in 1936 Based on His a Treatise on Probability Exposition in 1921 : Kahn’s...
Brady, Michael Emmett - 2018
J M Keynes had already completely developed the technical, mathematical and logical framework of analysis for the concept of the multiplier in his A Treatise on Probability in 1921 long before Richard Kahn came to Cambridge in 1927 at the age of 22. However, Keynes did not have the time or...
Persistent link: https://www.econbiz.de/10012907306
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The Final Chapter in Keynes's 'History of the Multiplier Doctrine' Had Already Been Written in the 'A Treatise on Probability' in 1921 in Chapter 26
Brady, Michael Emmett - 2018
R J Kent's 2007 History Of Political Economy article ends with the claim that “…But there certainly are many unanswered questions concerning Keynes's role in the development of the multiplier…”. Pace Kent, anyone who has read Keynes's chapter 26 in the A Treatise on Probability in 1921...
Persistent link: https://www.econbiz.de/10012907509
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Kahn’s Mathematical Style, in His June, 1931 Multiplier Article in the Economic Journal, Is Identical to Keynes’ Style of Presenting Mathematical Results Starting in 1921 in the A...
Brady, Michael Emmett - 2018
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
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On Keynes’s Formal Development of the Logical Theory of the Multiplier in the A Treatise on Probability in 1921 : It Was Keynes Who Helped Kahn, Not Kahn Who Helped Keynes
Brady, Michael Emmett - 2018
Keynes had completely developed the Logical Theory of the Multiplier in his A Treatise on Probability in 1921 in chapter 26 on page 315 and in footnote 1 on page 315. This same analysis appears in his second, 1908, Fellowship Dissertation at Cambridge University. Keynes, however, had no interest...
Persistent link: https://www.econbiz.de/10012907805
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Correcting Paul Samuelson’s Small Error in His November, 1963 Eulogy for Robertson : Dennis Robertson Erred Seriously in His Evaluation of Keynes’s Differential Calculus–Based Mult...
Brady, Michael Emmett - 2018
Dennis Robertson had no understanding of how J M Keynes's Multiplier concept was based on the use of differential calculus techniques that required one to take the mathematical limit of an infinite, decreasing, geometric series. Robertson failed to see that the derivative concept requires that...
Persistent link: https://www.econbiz.de/10012909554