On Keynes's Z-function
AbstractThis paper is intended to give a general, but rigorous view about what is the Z-function and what are the hidden relations of the Keynes’s General Theory. In Section 1 I shall depict the concept of probability and that of the weight of argument, in Section 2 I shall introduce quite an important deﬁnitions such as the Z-function is diﬀerent from the Z∗-curve, and some paramount notions. The Section 4 is intended to grasp the importance of the chapters 20-21 of the General Theory, whereas in Section 5 I shall comment, very quickly, some properties of Z∗ in a topological view.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 42918.
Date of creation: 29 Nov 2012
Date of revision:
Find related papers by JEL classification:
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
- B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-12-10 (All new papers)
- NEP-HME-2012-12-10 (Heterodox Microeconomics)
- NEP-HPE-2012-12-10 (History & Philosophy of Economics)
- NEP-MAC-2012-12-10 (Macroeconomics)
- NEP-PKE-2012-12-10 (Post Keynesian Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mark Hayes, 2007. "The Point of Effective Demand," Review of Political Economy, Taylor & Francis Journals, Taylor & Francis Journals, vol. 19(1), pages 55-80.
- MG Hayes, 2007. "Keynes's Z function, heterogeneous output and marginal productivity," Cambridge Journal of Economics, Oxford University Press, Oxford University Press, vol. 31(5), pages 741-753, September.
- Heller, Claudia, 2009. "Keynes’s slip of the pen: aggregate supply curve vs employment function," MPRA Paper 12837, University Library of Munich, Germany.
- Strati, Francesco, 2012. "Keynes’s probability: An introduction to the theory of logical groups," MPRA Paper 42557, University Library of Munich, Germany.
- Mark Hayes, 2006. "The Economics of Keynes: A New Guide to The General Theory," Books, Post Keynesian Economics Study Group (PKSG), Post Keynesian Economics Study Group (PKSG), number nggt.
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