Showing 1 - 10 of 266
Theory (1936). This is due to their failure to read both works in their entirety. Instead, they concentrate on the first … three chapters of Part I of the General Theory or the Treatise. This can be attributed to an “approach” to philosophy which …-additivity. His decision theory incorporates neoclassical decision theory as a special case …
Persistent link: https://www.econbiz.de/10014178068
footnote two on p.55 of the General Theory is correct with the exception of a very minor error that can easily be spotted by … extensive and detailed mathematical economics analysis presented on pp.282-285 of the General Theory. Specifically, the analysis … Aggregate Supply Function that Keynes inadvertently used in the footnote on p.55 of the General Theory …
Persistent link: https://www.econbiz.de/10014187730
Persistent link: https://www.econbiz.de/10014194579
of Keynes’s General Theory (1936)”, provides an excellent summary of the error filled Post Keynesian D-Z model, as well … General Theory (1936; GT) directly contradicted the Post Keynesian claim. Davidson and the Post Keynesian school have been … in chapter 3 of the General Theory, but in a later chapter, called “The Employment Function”, which, of course, is …
Persistent link: https://www.econbiz.de/10014154120
Adam Smith’s version of Virtue Ethics can be traced directly back to Plato (Socrates) and Aristotle. Smith basically skipped Aquinas and Augustine because they were also Catholic theologians, as well as philosophers. Referencing them would not have been looked upon kindly by the Scottish...
Persistent link: https://www.econbiz.de/10014115009
from the A Treatise on Probability and confidence from Keynes’s General Theory, as well as Adam Smith’s views on …’s weight of the evidence concept in Keynes’s A Treatise on Probability and confidence concept from Keynes’s General Theory …
Persistent link: https://www.econbiz.de/10014115385
Keynes carefully and methodically devoted chapter nine of the General Theory to a detailed discussion of Virtue Ethics … which is related to Adam Smith’s discussion in The Theory of Moral Sentiments. Both Virtues and Vices were considered by … Theory of Moral Sentiments into the virtue of self command. Adam Smith’s and Keynes’s explicit use of an Aristotelian, Virtue …
Persistent link: https://www.econbiz.de/10014116889
Ricardo, James Mills, John Stuart Mills, and Nassua Senior. Smith’s theoretical world of a profit maximizing, purely …. Bentham’s world is one that is populated by greedy, selfish, avaricious prodigals, imprudent risk takers, and projectors. They …
Persistent link: https://www.econbiz.de/10014117908
only in the standard mathematical theory of probability. The crucial assumption for Ramsey was additivity. Of course …
Persistent link: https://www.econbiz.de/10014122608