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Keynes chose to base the General Theory on the same type of microeconomic foundations that are contained in A C Pigou's The Theory of Unemployment (1933), Part II, Chapters 8-10. This allowed Keynes to make a direct comparison - contrast between the two models in the appendix to Chapter 19....
Persistent link: https://www.econbiz.de/10013133652
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
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
Historical, as well as practically all current, assessments of J M Keynes's A Treatise on Probability suffer immensely due to the failure of the readers of that book to cover Part II of the Treatise. As acknowledged by Emile Borel in his 1924 review of the A Treatise on Probability, this part of...
Persistent link: https://www.econbiz.de/10012949978
The editors of the Collected Writings of John Maynard Keynes made an unfortunate blunder when they assigned to Richard Braithwaite the task of writing an editorial foreword to Volume 8, A Treatise on Probability, of the Collected Writings of John Maynard Keynes. Braithwaite never read the A...
Persistent link: https://www.econbiz.de/10012968302