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It is ‘…quite puzzling,indeed'(Skidelsky,1992p.71) how a paper as extremely poor and deficient as R. B. Braithwaite's editorial foreword could have been selected to appear at the beginning of the 1973 Collected Writings of John Maynard Keynes, Volume 8, version of the A Treatise on...
Persistent link: https://www.econbiz.de/10012825285
The myth that R. Kahn taught J M Keynes the multiplier,so that without Kahn's contribution,there would have been no 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...
Persistent link: https://www.econbiz.de/10012827432
Hicks's assessment of the value of Champernowne's 1936 contribution to the Review of Economic Studies about the General Theory, that “What is common between my paper and [Champernowne's] seems to be no more than what any intelligent person could have got from a careful reading of the General...
Persistent link: https://www.econbiz.de/10012913490
J M Keynes's supposed attack on mathematical economics is a myth created by Joan Robinson and her fellow Pseudo Keynesians, Austin Robinson and Richard Kahn, as well as by many of their supporters. Nowhere does Keynes attack mathematical economics. Of course, he does attack “pseudo...
Persistent link: https://www.econbiz.de/10012915819
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...
Persistent link: https://www.econbiz.de/10012920191
Hicks's 1937 interpretation of Keynes's 1936 General Theory IS-LP(LM) model, which was analyzed in (r,Y) space by Keynes, in which Hicks used his IS-LL model in (Y,r) space, where we use Keynes's Y for income and not Hicks's I for income, supposedly generated much more interest and following...
Persistent link: https://www.econbiz.de/10012946161
W. Brian Reddaway supposedly attended the December 4th,1933 lecture where Keynes first presented his IS-LP(LM) model. However, his 1936 review in the Economic Record calls into question if he was actually there for the entire time of the lecture.His review does not mention Keynes's work in...
Persistent link: https://www.econbiz.de/10012946855