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The Myth of Richard Kahn and the Multiplier : Keynes, Not Kahn, Created the Multiplier Concept in 1921 in His a Treatise on Probability and Taught Kahn How to Write His June, 1931...
Brady, Michael Emmett - 2020
possibility of Keynes having written the General Theory in 1936,like the myth that there is no IS-LM mathematical model in the … General Theory , can be traced to deliberate canards made by Joan Robinson repeatedly in her life time.Keynes exposed Robinson … discovered that she did not have the slightest idea about his liquidity preference theory of the rate of interest, which is …
Persistent link: https://www.econbiz.de/10012827432
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On the Complete Misunderstanding by Economists of Keynes’s Alleged Attack on ‘Mathematical Economics’ in the General Theory in the Appendix to Chapter 19 and Chapter 21
Brady, Michael Emmett - 2018
, mathematical, modeling strategy of A C Pigou in his The Theory of Unemployment (1933).Pigou's approach was to treat macroeconomic … the General Theory was written by A. Greenspan in 2004 …
Persistent link: https://www.econbiz.de/10012915819
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Keynes and Samuelson Combined Provided the Complete Foundation for a Science of Macroeconomics : Complexity Modeling Is Welcome, But Not Necessary, for a Scientific Foundation for...
Brady, Michael Emmett - 2018
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 detail in chapter 20, provided the foundations for incorporating …
Persistent link: https://www.econbiz.de/10012920191
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J. Hicks's 'Famous' IS-LM Figures 1 and 2 on Page 153 of His 1937 Econometrica Paper are Based Directly on Page 207 of the General Theory
Brady, Michael Emmett - 2017
Hicks's 1937 interpretation of Keynes's 1936 General Theory IS-LP(LM) model, which was analyzed in (r,Y) space by … pp.200-202, 207 and p.298 of the General Theory. Keynes provides a specific, written description of the LP curve, Hicks … without citing Keynes's technical description on page 207 of the General Theory. Hicks only cites pp.200-201 of the General …
Persistent link: https://www.econbiz.de/10012946161
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On W. Brian Reddaways's 1936 Review of the General Theory : How He Completely Overlooked Keynes's IS-LP(LM) Model
Brady, Michael Emmett - 2017
review.Reddaway's own interpretation of an IS-LP(LM) model is inferior to both places in the General Theory where Keynes … pp. 297-298, where Keynes attacks the use of pseudo mathematical exposition in the General Theory, while completely …
Persistent link: https://www.econbiz.de/10012946855
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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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J M Keynes's Assessment of the Strengths and Weaknesses of his IS-LM Model in Chapter 21 of the General Theory : Comparing this Assessment with his 1937 Quarterly Journal of Econom...
Brady, Michael Emmett - 2017
chapter 21 of the General Theory that is duplicated in his 1937 Quarterly Journal of Economics article . In his 1937 reply …, his summary of the two main reasons for his disagreement with Classical and Neoclassical theory were connected and not in … the General Theory is simply false with no support. The Neoclassical failure to deal with uncertainty caused the …
Persistent link: https://www.econbiz.de/10012950753
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An Analysis of Mistakes Made by Economists in their Study of Keynes's Diagram on Page 180 in the General Theory
Brady, Michael Emmett - 2017
Economists who analyzed Keynes's Diagram on page 180 of the General Theory erred by (a) reading only the first one … Theory demonstrated, the main model of the GT is Keynes's version of IS - (LP) LM. The Theory of Effective Demand, based on … his uncertainty analysis in the General Theory simply because the overwhelming number of economists, then as now, accepted …
Persistent link: https://www.econbiz.de/10012950893