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On Edwin Bidwell Wilson's Erroneous Assessment of J M Keynes's Mathematical Capabilities : Clearly, Keynes Was a Very Good Mathematician
Brady, Michael Emmett - 2017
A careful examination of Wilson's 1948 claim that it was clear that Keynes was not a good mathematician immediately crumbles into dust once Wilson's own recommended reviews of the A Treatise on Probability are examined, as well as the then unpublished Edgeworth – Wilson exchanges where Wilson...
Persistent link: https://www.econbiz.de/10012943331
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Confusing Keynes's Theory of the Rate of Interest in the General Theory with Keynes's IS-LM(LP) Model : There Is No IS-LM (LP) Model in Chapter 18 of the General Theory Because Key...
Brady, Michael Emmett - 2017
There is no IS-LM (LP) model of Keynes's theory of the rate of interest and liquidity preference in chapter 18 of the … General Theory. Keynes made it very clear in Section IV of chapter 15 that he was going to give a brief summary of his theory … the end of chapter 15 by showing that the neoclassical theory ignored his Liquidity Preference Function (LP) that …
Persistent link: https://www.econbiz.de/10012943526
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Confusing Keynes's Theory of the Rate of Interest in the General Theory with Keynes's IS-LM (LP) Model : There is No IS-LM (LP) Model in Chapter 18 of the General Theory Because Ke...
Brady, Michael Emmett - 2017
There is no IS-LM (LP) model of Keynes's theory of the rate of interest and liquidity preference in chapter 18 of the … General Theory. Keynes made it very clear in Section IV of chapter 15 that he was going to give a brief summary of his theory … the end of chapter 15 by showing that the neoclassical theory ignored his Liquidity Preference Function (LP) that …
Persistent link: https://www.econbiz.de/10012943529
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J M Keynes's Main Argument in the General Theory Is Not Expressed in Terms of His Aggregate Demand (D) and Aggregate Supply (Z) Model. Keynes's D-Z Analysis Supports a Specific Y=C...
Brady, Michael Emmett - 2017
Keynes's Theory of Effect ... …
Persistent link: https://www.econbiz.de/10012944203
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An Analysis of Joan Robinson's Virulent Attacks on J. M. Keynes, the General Theory and the IS-LP(LM) Model : On the Need for Historians of Economic Thought to Remove Joan Robinson...
Brady, Michael Emmett - 2017
Delivered at Oxford by a Cambridge Economist”. It represents a total, direct attack on J. M. Keynes and the General Theory. Joan … Theory rests completely on the type of rationale contained in a 1983 Journal of Economic Literature article by Gram –Walsh …, where they express their belief that, since she worked directly with Keynes on the writing of the General Theory, then she …
Persistent link: https://www.econbiz.de/10012944818
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Are Two Knaves Better than One? Every Man a Knave : Hume, Buchanan, and Musgrave's View on Economics and Government
Paganelli, Maria Pia - 2010
It is commonplace to view market agents as self-interested knaves, while government agents are either as knaves or public-spirited angels. What are the consequences of these different motivational assumptions in modeling governmental and market behavior? We compare David Hume, James M. Buchanan,...
Persistent link: https://www.econbiz.de/10012758092