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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
Keynes’s liquidity preference theory of the rate of interest, which lies at the heart of the General Theory(GT,1936).Some … letters contain Keynes’s highly critical observations of her knowledge of basic economic theory, as well as Keynes …’s characterization of Robinson’s understanding of the Keynesian theory of liquidity preference as being “nonsense”. This unknown person …
Persistent link: https://www.econbiz.de/10014091971
The myth, that R. Kahn developed the mathematical and logical theory of the multiplier and then taught J M Keynes about … able to write and publish the General Theory in February, 1936. This myth, like the myth that there is no IS …-LM mathematical model in the General Theory, can be traced directly to deliberate canards originally made up by Joan Robinson …
Persistent link: https://www.econbiz.de/10014093826
A major error in analyzing how Keynes operationalized his logical theory of probability in 1921 is to assume that … ordinal theory that could only be implemented some of the time.No philosopher has ever made this error until the publication …
Persistent link: https://www.econbiz.de/10012844301
along with Robinson because he was involved in a 54 year old relationship with Joan Robinson. Keynes taught Kahn the theory …
Persistent link: https://www.econbiz.de/10012823476
In the Wealth of Nations in 1776, Smith gave two clearly worked out mathematical examples involving a comparison- contrast examining the concepts of precise probability (exact, definite, linear, numerical) and imprecise probability(inexact, indefinite, nonlinear, non numerical) that must...
Persistent link: https://www.econbiz.de/10013251889