Narrow search
Showing 71 - 80 of 264
Cover Image
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
Cover Image
Probability, Uncertainty, and Liquidity in the General theory (1936) and the General theory of Employment (1937) Always Comes in Degrees : Ergodicity-Nonergodicity Does not Come in...
Brady, Michael Emmett - 2019
portrayed Keynes's General Theory and Post General Theory work on the concepts of uncertainty and probability in strictly binary … theory anywhere in anything that he published in his lifetime, be it the A Treatise on Probability, A Treatise on Money …, General Theory, or The General Theory of Employment …
Persistent link: https://www.econbiz.de/10012895065
Cover Image
The Three Basic Axioms of the Adam Smith-John Maynard Keynes Approach to Decision Making Versus the Three Basic Axioms of Jeremy Bentham and His students (Ricardo, Say, James Mills...
Brady, Michael Emmett - 2019
cases of the more generalized Smith – Keynes axiom set. Keynes did exactly what he said he would do in the General Theory on … page 3. He generalized classical and Neoclassical theory by providing a more general axiomatic structure .Modern economists … are still working with the special theory of Bentham …
Persistent link: https://www.econbiz.de/10012895420
Cover Image
There Was No IS-LM Enigma : Both Keynes’s IS-LM(LP) and D-Z Models of Chapters 20 and 21 Together Make Up Keynes’s General Theory
Brady, Michael Emmett - 2019
All of J .M .Keynes's earlier 1933-1935 versions of his IS-LM(LP) model contained a serious inconsistency. These earlier models all incorporated both actual and expected outcomes in the same model. The units did not match up. Keynes solved this problem by himself by splitting off the D-Z model...
Persistent link: https://www.econbiz.de/10012895943
Cover Image
The IYLM Model Is a Pre-General Theory Model That Is Equivalent to Keynes’s mid 1934 Draft Copy Version
Brady, Michael Emmett - 2019
Keynes ‘s General Theory has two separate, but interrelated models. Keynes called these models the D-Z and IS …) concept.This model is built mathematically in chapters 20 and 21 of the General Theory after having been introduced briefly in …. 304-306 of the General Theory. The IS-LM(LP) model is an entirely separate model that deals with the actual or realized …
Persistent link: https://www.econbiz.de/10012896227
Cover Image
J M Keynes’s Mathematical Style : Very Concise, Precise , and Exact
Brady, Michael Emmett - 2019
Persistent link: https://www.econbiz.de/10012896489