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Adam Smith and the Virtue of Punctuality
Paganelli, Maria Pia - 2020
Commercial society changed many things, including what is considered virtuous and what is considered valuable. The increase in productivity observed in commercial society changed the ways we use our time and thus the value of time. Time is now money. So punctuality becomes a virtue. Adam Smith...
Persistent link: https://www.econbiz.de/10012833770
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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 H...
Brady, Michael Emmett - 2020
aggregate income ,Y, in order to support the existing classical (neoclassical ) theory of the rate of interest in (r;I,S ) space …, is very similar to Pigou's assumption of ceteris paribus in his 1933 The Theory of Unemployment, so that he could apply … his Marshallian apparatus of partial equilibrium. Keynes's main point in the appendix to Chapter 19 of his General Theory …
Persistent link: https://www.econbiz.de/10012840000
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Some Examples of 21st Century Philosophers Who Have Written About Keynes’s Logical Theory of Probability, but Have Skipped Part II of the A Treatise on Probability, Where Keynes Pr...
Brady, Michael Emmett - 2020
the imprecise theory of probability long before Koopman's work in 1940 or the work of I. J. Good, C. Smith ,or H.E. Kyburg …
Persistent link: https://www.econbiz.de/10012842021
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The Claim That the Diagram on Page 39 of Keynes’s a Treatise on Probability(1921) Represents ‘Keynes’s View of Probability’ (S. Bradley, 2019), Has No Support : It Represents a Ver...
Brady, Michael Emmett - 2020
A major error in analyzing how Keynes operationalized his logical theory of probability in 1921 is to assume that … ordinal theory that could only be implemented some of the time.No philosopher has ever made this error until the publication …
Persistent link: https://www.econbiz.de/10012844301
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The Foundations of J M Keynes's IS-LM Model in Chapter 15 of the General Theory : Keynes's D-Z Model of Chapters 20 and 21
Brady, Michael Emmett - 2017
F. Modigliani presented a special case of Keynes's General Theory result in 1944 in his “Liquidity Preference and the … Theory of Interest and Money”. Modigliani sought to provide the IS-LM model of Hicks's 1937 Econometrica interpretation of … Keynes's chapter 15 IS-LM model with microeconomic foundations in the theory of the firm that included a production function …
Persistent link: https://www.econbiz.de/10012951951
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Correcting A. Hansen's Errors on pp. 140-141, 147-148 of His A Guide to Keynes in 1953 : How A. Hansen's Errors Changed the Course of Economic History and Thought for the Worse
Brady, Michael Emmett - 2017
A. Hansen's gross error concerning J M Keynes's analysis in chapter 14 on pp. 180-181 of the General Theory in his A … students who, instead of reading the General Theory, read Hansen's A Guide to Keynes instead. Hansen's book then became … accepted in the economics profession as the correct assessment of Keynes's General Theory. Hansen did an excellent job in …
Persistent link: https://www.econbiz.de/10012953342