Investopedia Needs to Heavily Revise Its ‘IS-LM Model’ Paper

  title={Investopedia Needs to Heavily Revise Its ‘IS-LM Model’ Paper},
  author={Michael Emmett Brady},
  journal={ERN: Consumption; Saving (Consumption) (Topic)},
  • M. E. Brady
  • Published 20 July 2020
  • Economics
  • ERN: Consumption; Saving (Consumption) (Topic)
The prevalent belief among economists that Hicks invented and developed the IS-LM model in 1937 ,which Keynes then accepted provisionally when shown the paper by Hicks, is a myth, much like the myth that R. Kahn invented the multiplier. Hick’s IS-LM model paper on the General Theory, published in the April,1937 issue of Econometrica, is based on pp.199-205 of Keynes’s General Theory plus Hicks’s unattributed use of materials that were based on Reddaway’s and Champernowne’s June, 1936 reviews of… 
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