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J M Keynes’s Logical Theory of Probability in the A Treatise on Probability (1921) Is Based on the Interval Valued Approach of Boole and Not on the Principle of Indifference, Which...
Brady, Michael Emmett - 2019
It was George Boole who published the first systematic exposition of a logical theory of probability in 1854 in The …
Persistent link: https://www.econbiz.de/10012869813
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Comparing and Contrasting Keynes’s Verbal, Literary, English Prose Version of His Is-Lm(lp) Model in Chapter 18 of the General Theory With His Mathematical Version of Is-Lm(lp) in...
Brady, Michael Emmett - 2019
Keynes provided two versions of his IS-LM(LP) model in the General Theory. The first version was the verbal, English …, literary, prose version contained in chapter 18 of the General Theory. This version was targeted for economists, such as Joan … Richard Kahn actually worked with J M Keynes on the writing the General Theory, their claim, that there is no IS-LM model in …
Persistent link: https://www.econbiz.de/10012870801
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Comparing the Original 1933, IS-LM (LP) Model of Keynes With the Advanced Version of February, 1936 Contained in Chapter 21 of the General Theory
Brady, Michael Emmett - 2019
introduction, outline and summary of the D-Z model on pages 24-32 of chapter 3 of the General Theory. The D-Z model focused … and theory of the firm, with uncertainty and profit expectations integrated into the formal model, was done within the … chapters 20 and 21 of the General Theory.Keynes's final IS-LM(LP) model represents a major improvement over Keynes's first …
Persistent link: https://www.econbiz.de/10012871588
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How the Economics Profession Overlooked Keynes’s IS-LM (LP) Model in Chapter 21 of the General Theory in the 20th and 21st Centuries
Brady, Michael Emmett - 2019
Persistent link: https://www.econbiz.de/10012872110
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Correcting Mirowski's Errors concerning Samuelson's Contributions to Economics
Brady, Michael Emmett - 2016
Mirowski's 2012 HES Presidential address on Samuelson as a historian of economics and economist contains a number of errors of omission and commission. This paper corrects these errors, be they partial or total errors. One example is Mirowski's contention that it was Samuelson and his student,...
Persistent link: https://www.econbiz.de/10012977379