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On Keynes's Z-function

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  • Strati, Francesco

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.

Suggested Citation

  • Strati, Francesco, 2012. "On Keynes's Z-function," MPRA Paper 42918, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:42918
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    References listed on IDEAS

    as
    1. MG Hayes, 2007. "Keynes's Z function, heterogeneous output and marginal productivity," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 31(5), pages 741-753, September.
    2. Mark Hayes, 2007. "The Point of Effective Demand," Review of Political Economy, Taylor & Francis Journals, vol. 19(1), pages 55-80.
    3. Heller, Claudia, 2009. "Keynes’s slip of the pen: aggregate supply curve vs employment function," MPRA Paper 12837, University Library of Munich, Germany.
    4. Strati, Francesco, 2012. "Keynes’s probability: An introduction to the theory of logical groups," MPRA Paper 42557, University Library of Munich, Germany.
    5. repec:pke:ecbook:nggt is not listed on IDEAS
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    More about this item

    Keywords

    Keynes; Z-Function;

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical

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