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profession by 1936. Economists were shockingly unprepared in the use of even basic intermediate algebra …
Persistent link: https://www.econbiz.de/10012909554
Gavin Kennedy has carefully shown that the “Invisible Hand” myth, that greedy and selfish private optimizing behavior leads to a social macro optimum that benefits all, had nothing to do with Adam Smith's use of the invisible hand metaphor in The Wealth of Nations. Kennedy also showed that...
Persistent link: https://www.econbiz.de/10012942585
The major impediment standing in the way for economists seeking to understand Adam Smith's The Theory of Moral … misbelief among economists that Smith was a utilitarian in the WN, as opposed to being a practitioner of Virtue ethics in TTMS …. This error of equivocation occurs because economists mix up Smith's and Bentham's views on the term self interest. It is a …
Persistent link: https://www.econbiz.de/10012977960
academics in the fields of philosophy and economics handle Keynes’s TP. It must be noted here that Kyburg , Levi, and Runde have …
Persistent link: https://www.econbiz.de/10014173593
In a Table(Table 6.1-Keynes-J .Robinson correspondence ) contained at the back of a 2005 article by Marcuzzo and Sardoni,it is clear that someone had deliberately removed seven of the twelve letters of correspondence between J M Keynes(JMK) and Joan Violet Robinson(JVR) from September,8th...
Persistent link: https://www.econbiz.de/10014091971
inkling of.The current universal belief among economists that Kahn developed the theory of the multiplier himself before he … question the claims of economists to being a science. By definition, there can’t be any myths in a scientific enterprise. That …
Persistent link: https://www.econbiz.de/10014093826