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Keynes Spelt Out Exactly What 'Degree of Rational Belief ' Meant in His a Treatise on Probability (1921) : Correcting the Severe Errors in Courgeau (2012)
Brady, Michael Emmett - 2020
philosophy, when it comes to the question of understanding the meaning of Keynes ‘s logical theory of probability and his concept …
Persistent link: https://www.econbiz.de/10012830367
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Keynes’s Logical Theory of Probability Is Concerned with Rational Degrees of Belief Based on Cognition, Which Are Not Mysterious or Mystical, Rank Ordered or Qualitative : F P Rams...
Brady, Michael Emmett - 2019
decision theory, reveal an astounding lack of knowledge and understanding regarding the makeup of Keynes's logical theory of … skipped or skimmed over, as was done by F P Ramsey in his reviews of 1922 and 1926.Keynes's logical theory of probability is … based on the upper–lower probability approach of George Boole. Boole is the explicit founder of the logical theory of …
Persistent link: https://www.econbiz.de/10012866735
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The Myth of Richard Kahn and the Multiplier : Keynes, Not Kahn, Created the Multiplier Concept in 1921 in His a Treatise on Probability and Taught Kahn How to Write His June, 1931...
Brady, Michael Emmett - 2020
division undergraduates in all economics courses, even though Smith himself completely rejected any such theory in both the … possibility of Keynes having written the General Theory in 1936,like the myth that there is no IS-LM mathematical model in the … General Theory , can be traced to deliberate canards made by Joan Robinson repeatedly in her life time.Keynes exposed Robinson …
Persistent link: https://www.econbiz.de/10012827432
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On the Complete Misunderstanding by Economists of Keynes’s Alleged Attack on ‘Mathematical Economics’ in the General Theory in the Appendix to Chapter 19 and Chapter 21
Brady, Michael Emmett - 2018
J M Keynes's supposed attack on mathematical economics is a myth created by Joan Robinson and her fellow Pseudo … economics. Of course, he does attack “pseudo mathematics” and “mathematical” economics. What Keynes was attacking was the formal …, mathematical, modeling strategy of A C Pigou in his The Theory of Unemployment (1933).Pigou's approach was to treat macroeconomic …
Persistent link: https://www.econbiz.de/10012915819
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Keynes and Samuelson Combined Provided the Complete Foundation for a Science of Macroeconomics : Complexity Modeling Is Welcome, But Not Necessary, for a Scientific Foundation for...
Brady, Michael Emmett - 2018
complete scientific foundation for macroeconomic theory. Keynes's Aggregate Supply Curve (ASC),presented initially on pp. 55 …-56 in footnote 2 of the General Theory and in great detail in chapter 20, provided the foundations for incorporating …
Persistent link: https://www.econbiz.de/10012920191
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J. Hicks's 'Famous' IS-LM Figures 1 and 2 on Page 153 of His 1937 Econometrica Paper are Based Directly on Page 207 of the General Theory
Brady, Michael Emmett - 2017
Hicks's 1937 interpretation of Keynes's 1936 General Theory IS-LP(LM) model, which was analyzed in (r,Y) space by … pp.200-202, 207 and p.298 of the General Theory. Keynes provides a specific, written description of the LP curve, Hicks … without citing Keynes's technical description on page 207 of the General Theory. Hicks only cites pp.200-201 of the General …
Persistent link: https://www.econbiz.de/10012946161