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keynes's general theory

Keynes, Sraffa and the Emergence of the General Theory

Keynes, Sraffa and the Emergence of the General Theory

... 1930s Keynes and Sraffa were both seeking to expose the deficiencies of the received neoclassical theory, their particular projects did not ...how Keynes arrived at his new theory of ...

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Probability and uncertainty in Keynes's The General Theory

Probability and uncertainty in Keynes's The General Theory

... what Keynes calls the state of long-term expectation (the title of the famous chapter 12 of the General ...then Keynes is using the notion of expectation in its standard sense, he is implicitly ...

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The Truly General Theory of Employment: How Keynes Could Have Succeeded

The Truly General Theory of Employment: How Keynes Could Have Succeeded

... In a price setter economy, also known as real world, an increase of the wage rate increases employment. Since downward flexibility of the wage rate does not elimi- nate unemployment, wage stickiness cannot explain ...

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ABSTRACT

ABSTRACT

... One, Keynes joined the treasury, and in the wake of the Versailles peace treaty, he published „The Economic Consequences of the peace „in which he criticized the exorbitant war reparation demand from a defeated ...

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Keynes on the Marginal Efficiency of Capital and the Great Depression

Keynes on the Marginal Efficiency of Capital and the Great Depression

... made Keynes to redirect his intellectual efforts from monetary issues to those of ...— Keynes supported Lloyd George in the 1929 general election in advocating debt- financed public works as a means ...

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Did Keynes in the General Theory Significantly Misrepresent J S Mill?

Did Keynes in the General Theory Significantly Misrepresent J S Mill?

... a general flight to money and excess supply of commodities in times of crisis cannot be denied - break with the received view, but (as we have seen) makes a point of emphasising that such a state of affairs as he ...

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Schumpeter vs  Keynes Redux: "Still Not Dead"

Schumpeter vs Keynes Redux: "Still Not Dead"

... of Keynes. However, whereas the citation time series for Keynes in Dia- mond (2009) shows a clear plateauing or possibly even a slight downward trend beginning in the mid 1980s, our updated series shows a ...

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The Text Book Black Magic, or, How to Make the Keynes Theory Disappear

The Text Book Black Magic, or, How to Make the Keynes Theory Disappear

... the General Theory Keynes did not make use of a diagrammatic illustration which might have brought out more clearly just how revolutionary his new conception of the labour market actually ...the ...

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Keynes, investment, unemployment and expectations

Keynes, investment, unemployment and expectations

... preference theory and the multiplier – applied to the market for goods and services, the bond market and the market for ...GT Keynes provides an account of the workings of the goods and the asset ...the ...

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Keynes, Sraffa and the Emergence of the General Theory : Some Thoughts

Keynes, Sraffa and the Emergence of the General Theory : Some Thoughts

... what Keynes has to say in the Treatise about market speculation appears closely to foreshadow the account presented in the General Theory, but the former fits into a quite different conceptual ...

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The International Relations Theory and Revolution: Epistemological Debates and Impacts on International Relations

The International Relations Theory and Revolution: Epistemological Debates and Impacts on International Relations

... political theory was responsible for distinguishing between genuine revolutions and other phenomena that were often called by the same name, for example: coups d'état of a military nature or supported by the ...

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Keynes’ Analytical System as an Econometric Tool: Examining Macroeconomic Trends in the U S  from 1950s to 1980s

Keynes’ Analytical System as an Econometric Tool: Examining Macroeconomic Trends in the U S from 1950s to 1980s

... policies have become ever bigger and more complex. As a justification for this statement, one can bring attention to the predominance of large scale DSGE (Dynamic Stochastic General Equilibrium) models, as well as ...

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Lifelong Liberal John Maynard Keynes: Some Highlights from His Life

Lifelong Liberal John Maynard Keynes: Some Highlights from His Life

... Neville Keynes went him for moral and political philosophy (10, ...Neville Keynes met and later on Mr. Keynes “proposed, and she accepted” for ...

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Keynes and the cotton industry: a reappraisal

Keynes and the cotton industry: a reappraisal

... The paper is organised as follows. In Section 2 we compare and contrast the key features of Keynes’s analysis of the industry’s problems with those of other informed contemporaries. Particular emphasis is placed on the ...

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KEYNES AND THE CONTEMPORARY PREDICAMENT 1

KEYNES AND THE CONTEMPORARY PREDICAMENT 1

... more general opposition to what Fitzgibbons calls "the celestial science" of ...While Keynes attributed this view to Marshall, its contemporary dominance owes much more to Cournot, Walras and the ...

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On superpositional filtrations

On superpositional filtrations

... is very important to define the properties of this fascinating superposition integral in order to work in a well-behaved space when we deals with probability and chiefly stochastic processes. Rather their are based upon ...

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Asymptotic Theory of General Multivariate GARCH Models

Asymptotic Theory of General Multivariate GARCH Models

... asymptotic theory for a class of multivariate ARMA-GARCH models with the GARCH process following the CCC ...for general multivariate GARCH(1, 1) under the assumption of finite sixth moment of 𝑦 𝑡 ...

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General Theory of Money: A New Approach

General Theory of Money: A New Approach

... Hence if cash balance is held in the shape of financial wealth, it would include both money and quasi money. This is why keeping money away from spending, that is the same as savings in the shape of financial assets, is ...

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City design: what went wrong at Milton Keynes?

City design: what went wrong at Milton Keynes?

... Can we turn the clock back? Clearly not for Milton Keynes, even if there were support for my point of view. Some elements of the criticisms made here have been taken on board in the planning of later stages of the ...

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Mental Illness and Crime: A Misconceived Relationship

Mental Illness and Crime: A Misconceived Relationship

... By the 1900s, there were vast improvements in the care provided to the “mentaly ill,” but most psychiatric hospitals were overcrowded, making it very difficult for physicians to focus on treatment. Psychoanalysis, the ...

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