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arXiv · 2303.00889

Mr.Keynes and the... Complexity! A suggested model for the General Theory

Alessio Emanuele Biondo
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Abstract

This paper presents a mathematical model of J.M. Keynes' The General Theory of Employment, Interest, and Money. The main message of Keynes remains intact: it is the preference for liquidity, the marginal efficiency of capital, and the marginal propensity to consume that determine the level of aggregate income and employment, given any possible interest rate. All parts of the model are strictly referred to the original text.

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Alessio Emanuele Biondo. 2023-03-02. Mr.Keynes and the... Complexity! A suggested model for the General Theory. https://arxiv.org/abs/2303.00889

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