Keynes and Samuelson provided the theoretical, technical and mathematical modeling necessary in order to provide a complete scientific foundation for macroeconomic theory. Keynes's Aggregate Supply Curve (ASC),presented initially on pp. 55-56 in footnote 2 of the General Theory and in great...

Keynes brought all three of the universally recognized elements that are needed to comprise the IS-LM model, the liquidity preference function, the investment function, and investment multiplier, together in Section Four of Chapter 21 of the General Theory. However, this took place only after...

J M Keynes discussed a number of simplifications of his D-Z model in chapter 21 of the General Theory that were comparable to the completely (infinitely) elastic range and synthesis ranges of the standard AD-AS model that is provided in Principles and Intermediate macroeconomics textbooks in...

A.Hansen essentially went wrong in his evaluation of Keynes's work in the General Theory (GT;1936) that dealt with the Liquidity Preference function in chapters 13,14,15,and 21.His basic error occurs when he evaluates Keynes's chapter 14 analysis on pp.179-183 that dealt with the fact that the...

The belief that Hicks generalized Keynes's General Theory with his IS-LM model is contradicted by Keynes's own, explicit IS-LP(LM) model that was presented in Chapter 21 of the GT. This erroneous belief is based on a misreading of Chapter 13 of the General Theory that only considers Keynes's...