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Adam Smith on the Main Cause of Recessions and Depressions : Bubbles Resulting From Bank Loans and Credit Made Available to Projectors, Imprudent Risk Takers and Prodigals
Brady, Michael Emmett - 2018
types of individual were described by Keynes as Wall Street speculators and rentiers in the General Theory. Marx used the … since the late 1970's in the American and world economies can be traced precisely to the same category of individual …
Persistent link: https://www.econbiz.de/10012925953
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J M Keynes’s Contribution to Solving the Certainty Effect Problem : How Some Philosophers Overlooked Keynes’s Conventional Coefficient of Weight and Risk, C
Brady, Michael Emmett - 2020
these effects were specified in the post world war II literature by psychologists. Keynes recognized in chapter 26 of the A …
Persistent link: https://www.econbiz.de/10012833178
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On Keynes’s Painstaking Slow Instruction of Harrod on the Technical Aspects of His IS-LM Model in July-September, 1935 : Harrod Only Finally Understood Keynes’s IS-LM Model After H...
Brady, Michael Emmett - 2020
aggregate income ,Y, in order to support the existing classical (neoclassical ) theory of the rate of interest in (r;I,S ) space …, is very similar to Pigou's assumption of ceteris paribus in his 1933 The Theory of Unemployment, so that he could apply … his Marshallian apparatus of partial equilibrium. Keynes's main point in the appendix to Chapter 19 of his General Theory …
Persistent link: https://www.econbiz.de/10012840000
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Some Examples of 21st Century Philosophers Who Have Written About Keynes’s Logical Theory of Probability, but Have Skipped Part II of the A Treatise on Probability, Where Keynes Pr...
Brady, Michael Emmett - 2020
the imprecise theory of probability long before Koopman's work in 1940 or the work of I. J. Good, C. Smith ,or H.E. Kyburg …
Persistent link: https://www.econbiz.de/10012842021
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Keynesian Uncertainty Can Only Be Represented by Imprecise, Non Additive, Interval Valued Probability or Decision Weights Like Keynes’s C : Ordinal Probability Can’t Represent Keyn...
Brady, Michael Emmett - 2020
probability, although Keynes's theory of probability can easily deal with ordinal probability with the aid of Keynes's principle …
Persistent link: https://www.econbiz.de/10012843351