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Adam Smith on the Main Cause of Recessions and Depressions : Bubbles Resulting From Bank Loans and Credit Made Available to Projectors, Imprudent Risk Takers and Prodigals
Brady, Michael Emmett - 2018
types of individual were described by Keynes as Wall Street speculators and rentiers in the General Theory. Marx used the …
Persistent link: https://www.econbiz.de/10012925953
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J M Keynes’s Contribution to Solving the Certainty Effect Problem : How Some Philosophers Overlooked Keynes’s Conventional Coefficient of Weight and Risk, C
Brady, Michael Emmett - 2020
J M Keynes solved the problems of the certainty, reflection, translation, and preference reversal effects long before these effects were specified in the post world war II literature by psychologists. Keynes recognized in chapter 26 of the A Treatise on Probability (1921; p.313) that all of these...
Persistent link: https://www.econbiz.de/10012833178
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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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Keynesian Uncertainty Can Only Be Represented by Imprecise, Non Additive, Interval Valued Probability or Decision Weights Like Keynes’s C : Ordinal Probability Can’t Represent Keyn...
Brady, Michael Emmett - 2020
probability, although Keynes's theory of probability can easily deal with ordinal probability with the aid of Keynes's principle …
Persistent link: https://www.econbiz.de/10012843351