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On Kennedy's Literary Proof of the Impossibility that Smith Had a 'Theory of the Invisible Hand of Markets' in the Wealth of Nations
Brady, Michael Emmett - 2018
G. Kennedy carefully examined the conflict that Smith covered in The Wealth of Nations brought about by Upper Income citizens that Smith classified as “Projectors, Imprudent risk takers, and Prodigals”. Their behavior led to very detrimental, negative outcomes in the macro economy as a...
Persistent link: https://www.econbiz.de/10012930902
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Adam Smith’s Approach to Virtue Ethics Had Nothing Whatsoever to Do With the Invisible Hand of the Market
Brady, Michael Emmett - 2018
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
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On Adam Smith's Wealth of Nations and the Continental (French), Intellectual Connection : There Was a Small, Intellectual Connection
Brady, Michael Emmett - 2015
decision theory, interval valued probability, the uncertainty versus risk divide, and his understanding of who the primary … theory and decision theory …
Persistent link: https://www.econbiz.de/10014131473
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A comparison, contrast of Adam Smith, J. M. Keynes and Jeremy Bentham on probability, risk, uncertainty, optimism-pessimism and decision making with applications concerning banking...
Brady, Michael Emmett - In: International journal of applied economics and … 19 (2011) 4, pp. 86-111
Persistent link: https://www.econbiz.de/10009530476
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Comparing J. M. Keynes's and F. von Hayek's differing definitions of uncertainty as it relates to knowledge : Keynes's unavailable or missing knowledge concept versus Hayek's dispe...
Brady, Michael Emmett - In: International journal of applied economics and … 19 (2011) 3, pp. 1-20
Persistent link: https://www.econbiz.de/10009530492
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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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Patinkin, Keynes and the Z curve
Arthmar, Rogério; Brady, Michael Emmett - In: History of economic ideas : HEI 17 (2009) 3, pp. 127-146
Persistent link: https://www.econbiz.de/10008748683
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A note on Milton Friedman's application of his "Methodology of positive economics"
Brady, Michael Emmett - In: Journal of economic issues : jei 20 (1986) 3, pp. 845-851
Persistent link: https://www.econbiz.de/10001012312
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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