Strati, Francesco
(2012):
*On Keynes's Z-function.*
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## Abstract

This 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.

Item Type: | MPRA Paper |
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Original Title: | On Keynes's Z-function |

Language: | English |

Keywords: | Keynes, Z-Function |

Subjects: | E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E12 - Keynes ; Keynesian ; Post-Keynesian B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B16 - Quantitative and Mathematical |

Item ID: | 42918 |

Depositing User: | Francesco Strati |

Date Deposited: | 01 Dec 2012 01:24 |

Last Modified: | 27 Sep 2019 14:01 |

References: | Brady M. E., Gorga C. (2009). Integrating the Formal, Technical, Mathematical Foundations of Keyness D-Z Model of the Theory of Eﬀective Demand Into Keyness Decision Theory: Toward a New (and Final?) Interpretation of the General Theory. International Journal of Applied Economics and Econometrics 17(3), 195-235. Brady M. E. (2011). Keynes, Mathematics and Probability: A Reappraisal. International Journal of Applied Economics and Econometrics 20(2), 324-357. Hayes M. (2007). Keynes’s Z-function, heterogeneous output and marginal productivity. Cambridge Journal of Economics 31(5), 741-753. Hayes M. (2008). The Economics of Keynes: A New Guide to the General Theory, Edward Elgar Publishing Ltd. Hayes M. (2007). The Point of Eﬀective Demand. Review of Political Economy 19(1), 55-80. Heller C. (2009). Keynes’s slip of the pen: aggregate supply curve vs employment function MPRA Paper no. 12837. Keynes J.M. (1921). A Treatise on Probability, McMillan. Keynes J.M. (1936). The General Theory of Employment, Interest, and Money., Harcourt, Brace and Company. Strati F. (2012). Keynes’s probability: an introduction to the theory of logical groups. PKSG, PKWP1205. Strati F. (2010). The weight of argument: A suggested interpretation. PKSG, PKWP1002. |

URI: | https://mpra.ub.uni-muenchen.de/id/eprint/42918 |