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A Comparison-Contrast of J. M. Keynes’ Mathematical Modeling Approach in the General Theory with some of his General Theory Interpreters, especially J.E. Meade

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  • Michael Emmett Brady

Abstract

The analysis in this paper demonstrates that J M. Keynes’ original mathematical model, presented in Chapters 10, 20-21 of the General Theory, is superior, in terms of mathematical completeness and rigor, to any other model put forward since 1936 which purports to give a technical exposition of “What Keynes Meant”. This paper covers the mathematical models of Meade, Hicks, Harrod, Patinkin, and Barro-Grossman, as well as improved versions of the Meade model offered by Darity-Cottrell and Rappoport.

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  • Michael Emmett Brady, 1996. "A Comparison-Contrast of J. M. Keynes’ Mathematical Modeling Approach in the General Theory with some of his General Theory Interpreters, especially J.E. Meade," History of Economics Review, Taylor & Francis Journals, vol. 25(1), pages 129-158, January.
    • Handle: RePEc:taf:rherxx:v:25:y:1996:i:1:p:129-158
    DOI: 10.1080/10370196.1996.11733225
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