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Shackle's attempt to completely redefine Keynes's definition of uncertainty in chapter 12 of the General Theory, which … 10 years in the General Theory ,and 20 to 33 years in his 1937 Quarterly Journal of Economics article. Keynes's IS … concerning the use of his IS-LM(LP) model on pages 298-303 of the General Theory, to calculate a quantitative, determinate …
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The current dominant belief among economists that Smith made no original contributions to economic theory outside of …
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Adam Smith completely rejected Utilitarianism in any form in his lifetime in his two major books, the Theory of Moral … the Wealth of Nations (1776) only. The Virtue ethics approach presented in his earlier The Theory of Moral Sentiments … Wealth of Nations in decision theory. The first advance was based on his interval valued approach to probability that, in …
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since Smith wrote his Wealth of Nations in 1776. Smith’s approach to decision theory leads directly to the use of …
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