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John Maynard Keynes's upper and lower valued probabilities : a study of how statisticians, philosophers, logicians, historians, and economists failed to comprehend Keynes's breakth...
Brady, Michael Emmett - In: International journal of applied economics and … 21 (2013) 2, pp. 254-272
Persistent link: https://www.econbiz.de/10009757333
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Given B. De Finetti’s Conclusion that 'Probability (Objective) Does not Exist', Then Rational Expectations Does not Exist Either
Brady, Michael Emmett - 2018
existing theory of probability that supports the claims made by rational expectationists. There is no right(wrong), correct … theory of probability. Likewise, all objective theories of probability deny the existence of subjective probability …
Persistent link: https://www.econbiz.de/10012908227
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Correcting Paul Samuelson’s Small Error in His November, 1963 Eulogy for Robertson : Dennis Robertson Erred Seriously in His Evaluation of Keynes’s Differential Calculus–Based Mult...
Brady, Michael Emmett - 2018
the process to actually function, so that in the real world it is not instantaneous, with the mathematical theory of the … the General Theory were sound.D. Robertson ‘s confused attempts at critiquing Keynes's concepts of the logical theory of …
Persistent link: https://www.econbiz.de/10012909554
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Rational Expectations Has No Foundation in Any Coherent, Existing Theory of Probability
Brady, Michael Emmett - 2018
The theory of rational expectations has no foundation in any extant theory of probability. None of the five existing …
Persistent link: https://www.econbiz.de/10012910371
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Rational Expectations Theorists Rely Completely on the Fallacy of Conditional Apriorism (Long Runism), First Introduced by Charles Sanders Pierce and Hans Reichenbach in Their Obje...
Brady, Michael Emmett - 2019
All Rational Expectation Theorists rely on the Fallacy of Conditional Apriorism (Long Runism)in order to operationalize the Objective Limiting Frequency Interpretation of Probability. However, such a limit only occurs in the far distant long run as the number of observations from Time Series...
Persistent link: https://www.econbiz.de/10012893664
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The Good Samaritan : A Superb Smithian Economist, But a Poor Benthamite Utilitarian Economist
Brady, Michael Emmett - 2017
forward in both The Theory of Moral Sentiments and The Wealth of Nations. Self interest is prudent behavior. Prudent behavior …
Persistent link: https://www.econbiz.de/10012941644
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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