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definition of uncertainty given by Keynes in footnote 1 on page 148 of the General Theory that was repeated on page 240 of the … General Theory.The footnotes on page 148 and 240 of the General Theory are the foundation for Townshend's summary of the 1937 … evidence (argument) from the A Treatise on Probability were the foundation for Keynes's liquidity preference theory of the rate …
Persistent link: https://www.econbiz.de/10012864576
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of Keynes’s General Theory (1936)”, provides an excellent summary of the error filled Post Keynesian D-Z model, as well … General Theory (1936; GT) directly contradicted the Post Keynesian claim. Davidson and the Post Keynesian school have been … in chapter 3 of the General Theory, but in a later chapter, called “The Employment Function”, which, of course, is …
Persistent link: https://www.econbiz.de/10014154120
1937 QJE article that directly conflicted with what he had stated in the General Theory.The major change that was claimed …. Keynes’s discussions in chapter 12 of the General Theory or in the 1937 QJE article provide nothing new or novel and are, at … on Probability and the General Theory, due to her severe mathematical ineptitude and innumeracy. This is why the exchange …
Persistent link: https://www.econbiz.de/10014092174
In 1990,J. Runde presented a formal, mathematical representation of Keynes’s theory of evidential weight, as presented …
Persistent link: https://www.econbiz.de/10013244590