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The Das Economist Problem from 1790-2016 : The Failure of Economists to Understand Adam Smith's Ethical Foundation, Based on Virtue Ethics, for the Wealth of Nations
Brady, Michael Emmett - 2016
The major impediment standing in the way for economists seeking to understand Adam Smith's The Theory of Moral …
Persistent link: https://www.econbiz.de/10012977960
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An Analysis of Mistakes Made by Economists in their Study of Keynes's Diagram on Page 180 in the General Theory
Brady, Michael Emmett - 2017
Economists who analyzed Keynes's Diagram on page 180 of the General Theory erred by (a) reading only the first one … Theory demonstrated, the main model of the GT is Keynes's version of IS - (LP) LM. The Theory of Effective Demand, based on … the D-Z model of Chapters 20 and 21, supports Keynes's IS - LM.Keynes never expected the economics profession to accept …
Persistent link: https://www.econbiz.de/10012950893
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What J. Viner (and Everyone Else) Overlooked in His 1936 and 1964 Reviews Concerning Keynes's Liquidity Preference Analysis in the General Theory and the 1937 Quarterly Journal of ...
Brady, Michael Emmett - 2017
Theory, erred in not taking into account Keynes's detailed, painstaking analysis on pp.180-182 of the General Theory, where … effective rate of interest, r1 or r2? Of course, the answer is that the neoclassical theory is unable to pick out either r1 or r …2 . The answer is indeterminate because the neoclassical theory is “… one equation short of what is required to give a …
Persistent link: https://www.econbiz.de/10012953043
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F. Y. Edgeworth on J. M. Keynes' A Treatise on Probability : The Mind and Journal of the Royal Statistical Society Reviews
Brady, Michael Emmett - 2016
Edgeworth's two reviews of the A Treatise on Probability, in Mind and The Journal of the Royal Statistical Society, demonstrated an understanding of many of the topics of Keynes' approach that was not achieved by any other reviewer, including the reviews made by B. Russell and C. D....
Persistent link: https://www.econbiz.de/10012989950
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Kahn’s Mathematical Style, in His June, 1931 Multiplier Article in the Economic Journal, Is Identical to Keynes’ Style of Presenting Mathematical Results Starting in 1921 in the A Treatise on Probability
Brady, Michael Emmett - 2018
The manner in which R. Kahn presented his mathematical results on the multiplier in the Economic Journal of June, 1931, is identical to the style of presenting mathematical results used by Keynes to present his mathematical analysis starting with the A Treatise on Probability in 1921. Keynes's...
Persistent link: https://www.econbiz.de/10012907803
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Assessments of J. M.Keynes’s a Treatise on Probability (1921), Made by All Academic Philosophers and Economists Since 1921, Rely on pp.30–34 of Chapter III, pp.71–78 of Chapter VI...
Brady, Michael Emmett - 2020
theory of imprecise probability in his A Treatise on Probability was to provide some interesting notions, intuitions, ideas …, suggestions, hints, or clues about imprecise probability, but that Keynes himself had never provided any worked out theory using … constructed an ordinal theory of comparative probability based on pp. 38-40 of chapter III of the A Treatise on Probability. There …
Persistent link: https://www.econbiz.de/10012826837
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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 Economic Journal Paper
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