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How J M Keynes Corrected the Only Major Error He Made in His General Theory in His Correspondence with J. Robinson between September and November, 1936 : His Mention of Mrs. Joan R...
Brady, Michael Emmett - 2021
J M Keynes stated the following on p.xii of his General Theory on December 13,1935: “I have also had much help from Mrs … serious lack of knowledge about his Liquidity Preference theory of the rate of interest that occupied all or some of chapters … 13, 14, 15, 16, 17, 18 and 21 of the General Theory.It was now quite clear to Keynes that Joan Robinson had not …
Persistent link: https://www.econbiz.de/10013250996
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Using P. Samuelson’s 1952 Assessment of the Role of Mathematics in Economics To Evaluate Keynes’s Is-Lm Model in Part IV on Pp. 298–299 in Chapter 21 of the General Theory
Brady, Michael Emmett - 2021
-299 in Chapter 21 of the General Theory.The only two possible conclusions that explain the total failure of macroeconomists … pp.298-299 in Chapter 21 of the General Theory is (a) that they are either very poor applied mathematicians or (b) they …
Persistent link: https://www.econbiz.de/10013240922
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Keynes’s Concept of Uncertainty Has Absolutely Nothing to Do with the Post Keynesian or Heterodox (J. Robinson, G. L. S. Shackle, P. Davidson, R. Skidelsky, R. O’Donnell) Concept of Fundamental, Radical, or Irreducible Uncertainty : Uncertainty Was Always Defined as a Range by Keynes so that It Always Came in Degrees
Brady, Michael Emmett - 2021
anything Keynes was talking about in either the A Treatise on Probability or General Theory. Keynes only realized this only …
Persistent link: https://www.econbiz.de/10013242857
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On the Strange Disappearance from the Keynes papers-King’s Archive, Cambridge, of Seven of Keynes’s Twelve letters to Joan Robinson between September 8th and November 9th,1936 : So...
Brady, Michael Emmett - 2020
Keynes’s liquidity preference theory of the rate of interest, which lies at the heart of the General Theory(GT,1936).Some … letters contain Keynes’s highly critical observations of her knowledge of basic economic theory, as well as Keynes …’s characterization of Robinson’s understanding of the Keynesian theory of liquidity preference as being “nonsense”. This unknown person …
Persistent link: https://www.econbiz.de/10014091971
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Keynes’s Canonical Statements on Uncertainty Appear in his 1921 a Treatise on Probability in Chapter 26 on Pages 309-312 : Statements about Uncertainty in the General Theory in 193...
Brady, Michael Emmett - 2019
Probability, the General Theory,and the 1937 Quarterly Journal of Economics, reveal that Keynes’s discussions about uncertainty in … the General Theory, and the 1937 Quarterly Journal of Economics article are simply small ,minor footnotes to the A … probability, weight,and his liquidity preference theory of the rate of interest on pages 148 and 240 of the General Theory. There …
Persistent link: https://www.econbiz.de/10014104170
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J. M. Keynes's General Theory : The Role of Virtue Ethics Versus the Benthamite Utilitarian Ethics of Classical, Neoclassical and 'Modern' Economics
Brady, Michael Emmett - 2017
J. M. Keynes based the ethical foundations of the General Theory on a type of Virtue Ethics that he had learned from G … two major points made by Keynes in the General Theory. First, Utilitarianism, of whatever type, collapses if either the …
Persistent link: https://www.econbiz.de/10012947700
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J M Keynes's Assessment of the Strengths and Weaknesses of his IS-LM Model in Chapter 21 of the General Theory : Comparing this Assessment with his 1937 Quarterly Journal of Econom...
Brady, Michael Emmett - 2017
chapter 21 of the General Theory that is duplicated in his 1937 Quarterly Journal of Economics article . In his 1937 reply …, his summary of the two main reasons for his disagreement with Classical and Neoclassical theory were connected and not in … the General Theory is simply false with no support. The Neoclassical failure to deal with uncertainty caused the …
Persistent link: https://www.econbiz.de/10012950753