Keynes and Harrod on the Classical Theory of Interest: More on the Origin of the Only Diagram in the General Theory

Daniele Besomi

doi:10.1080/10427710050122576

Extract

Rod O'Donnell's (1999a, 1999b) and James Ahiakpor's (1999) contributions on the origin of the only diagram in J. M. Keynes's General Theory raise some interesting points regarding the use of documentary evidence for interpreting authors' ideas or specific passages in their writings.

References

REFERENCES

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Crossref Citations

This article has been cited by the following publications. This list is generated based on data provided by Crossref.

de BOYER des ROCHES, JÉRÔME 2010. THE KEYNES-HARROD CONTROVERSY ON THE CLASSICAL THEORY OF THE RATE OF INTEREST AND THE INTERDEPENDENCE OF MARKETS. Journal of the History of Economic Thought, Vol. 32, Issue. 2, p. 263.

O’Donnell, Rod and Rogers, Colin 2016. IYLM: aGeneral Theory–compatible replacement for ISLM. Cambridge Journal of Economics, Vol. 40, Issue. 1, p. 349.

Baranzini, Mauro and Mirante, Amalia 2016. A Compendium of Italian Economists at Oxbridge. p. 71.

Brady, Michael Emmett 2018. The Foundation of the 2003 History of Political Economy Conference on IS-LM, That J M Keynes Was a Marshallian in 1936, Is Fundamentally Wrong: J M Keynes’s General Theory Is Not Based on Marshallian, Partial Equilibrium, Ceteris Paribus Analysis. SSRN Electronic Journal,

Brady, Michael Emmett 2018. Hick’s Contribution to the Development of the IS-LM Model Was Limited to Drawing the IS-LM Figure or Diagram: Keynes Was the Originator and Theoretical Developer Who Presented the Complete IS-LM(LP) Model, Supported by the D-Z Model, in the General Theory on pages 298-303 in Section Four of Chapter 21. SSRN Electronic Journal ,

Brady, Michael Emmett 2018. Harrod, Keynes and the Missing Equation (Liquidity Preference Equation) from the Neoclassical Theory of the Rate of Interest: '…Has to Be Determined by Some New Equation Not Provided for in the Classical System. Thus the Way is Clear for a Radical Reconstruction. Your New Equation is the Liquidity Preference Schedule…'. (Harrod, 1973, CWJMK, Vol. 13, p.556).. SSRN Electronic Journal ,

Brady, Michael Emmett 2018. What Caused Harrod to Completely Capitulate to Keynes in His Letter of August 30, 1935? The Answer Can Be Found in Keynes’s Letter to Harrod of August 27, 1935, Where Keynes Demonstrated That the Classical Theory Was Only a Single IS Curve in (Y, r) Space That Intersected Nothing. SSRN Electronic Journal ,

Brady, Michael Emmett 2018. Chapter 13 of the General Theory Does not Contain J M Keynes’s Liquidity Preference Theory of the Rate of Interest: A Study of the Erroneous Use and Abuse of Chapter 13 of the General Theory from R. Hawtrey, D. Robertson, J. Viner, J. Robinson to J. Ahiakpor. SSRN Electronic Journal ,

Brady, Michael Emmett 2018. On the Role of Mathematical Illiteracy in the R. Hawtrey-D. Robertson-J. Robinson Critique of Keynes’s Liquidity Preference Theory of the Rate of Interest in the General Theory. SSRN Electronic Journal ,

Pérez Caldentey, Esteban 2019. Roy Harrod. p. 1.

Brady, Michael Emmett 2020. On Keynes’s Painstaking Slow Instruction of Harrod on the Technical Aspects of His IS-LM Model in July-September, 1935:Harrod Only Finally Understood Keynes’s IS-LM Model After He Had Read the Postscript to Keynes’s Letter of August 27th, 1935 to Harrod. SSRN Electronic Journal ,

Marchionatti, Roberto 2021. Economic Theory in the Twentieth Century, An Intellectual History—Volume II. p. 21.

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Keynes and Harrod on the Classical Theory of Interest: More on the Origin of the Only Diagram in the General Theory

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Keynes and Harrod on the Classical Theory of Interest: More on the Origin of the Only Diagram in the General Theory

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