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Hawtrey's Leap and Other Examples of Economists Suffering from Mathematical Confusion and Illiteracy When Reading the General Theory
Brady, Michael Emmett - 2018
when the specific case of economists attempting to read Keynes's General Theory is examined. Three economists will be … to illustrate the theory and the difference between the use of the differential calculus as a model based on continuous … functions and continuity, while the empirical application of the theory involves observations of discrete data, supports …
Persistent link: https://www.econbiz.de/10012928681
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An Analysis of the Content and Quality of Joan Robinson’s 1953 Book, on Re-Reading Marx : What It Demonstrates About Her Ability to Do Independent Research Without R. Kahn’s Help...
Brady, Michael Emmett - 2018
The quality of J. Robinson's short book, On Re-reading Marx, is so poor that it calls into question her capability to do research independent from the constant help, supervision and aid of Richard Kahn. The three essays, in fact, demonstrate and reflect her own actual ability to do economic...
Persistent link: https://www.econbiz.de/10012930206
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Adam Smith’s Maximizing Prudent Behavior (Minimize Losses) Versus Jeremy Bentham’s Maximizing Utility (Money)
Brady, Michael Emmett - 2018
Persistent link: https://www.econbiz.de/10012930400
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On Kennedy's Literary Proof of the Impossibility that Smith Had a 'Theory of the Invisible Hand of Markets' in the Wealth of Nations
Brady, Michael Emmett - 2018
G. Kennedy carefully examined the conflict that Smith covered in The Wealth of Nations brought about by Upper Income citizens that Smith classified as “Projectors, Imprudent risk takers, and Prodigals”. Their behavior led to very detrimental, negative outcomes in the macro economy as a...
Persistent link: https://www.econbiz.de/10012930902
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Smith's Virtue of Prudence Has Nothing to Do with Bentham's Dictum About Maximizing One's Utility (Money)
Brady, Michael Emmett - 2018
Persistent link: https://www.econbiz.de/10012931359
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From Keynes Back to Smith and Aristotle : Liquidity Preference, Hoarding, and Speculation
Brady, Michael Emmett - 2018
Persistent link: https://www.econbiz.de/10012931457
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G. L. S. Shackle was J. M. Keynes's Rival and Opponent : He was an Austrian and Never a Keynesian of Any Type
Brady, Michael Emmett - 2018
Persistent link: https://www.econbiz.de/10012931830
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W. Grampp's 'What Did Smith Mean by the Invisible Hand?' Overlooks Smith's Analysis of Uncertainty-Ambiguity Aversion Based on His Definition of Uncertainty in the Wealth of Nation...
Brady, Michael Emmett - 2018
Grampp, as well as all other economists who have written on Smith, overlooked Smith's original contributions to decision making under uncertainty. Grampp's main point, that “The invisible hand is not a power that makes the good of one the good of all, and it is not any of a number of other...
Persistent link: https://www.econbiz.de/10012931856