Showing 1 - 10 of 1,557
Was the Keynesian message alive during the second half of the XXth Century, or was it betrayed by his followers? This article in the fields of the history of economic thought and methodology contrasts the Scientific Research Programmes (SRPs), a Lakatosian concept, of Keynes in The General...
Persistent link: https://www.econbiz.de/10013084582
Keynes provided a technical analysis on pages 179-181 of the General Theory that identified two separate rates of interest, r1 and r2, each different rate of interest associated with a different Demand for Investment and Supply of Savings Intersection. Each combination would provide a different,...
Persistent link: https://www.econbiz.de/10012926784
Keynes recognized that there were a few cases where his rational analysis of decision making under conditions of uncertainty and risk using: (a) interval valued probability in Parts II and III of the A Treatise on Probability,(b) decision weights in Part IV of the A Treatise on Probability ,or...
Persistent link: https://www.econbiz.de/10012835277
Keynes spent a tremendous amount of time and energy attempting to tutor Harrod on the mechanics of his IS-LM model between July to September, 1935. Keynes's painstaking slow attempts finally led Keynes in desperation to write a three point postscript to his letter of August, 1935, that is...
Persistent link: https://www.econbiz.de/10012840000
Nearly one hundred years after Keynes published his A Treatise on Probability in 1921,it appears that practically no philosophers have read Part II of the A Treatise on Probability in either the 20th or 21st centuries. This simply means that no modern day philosopher is in any position to...
Persistent link: https://www.econbiz.de/10012842021
A major error in analyzing how Keynes operationalized his logical theory of probability in 1921 is to assume that Keynes's theoretical structure is presented by him at the end of Chapter III of the A Treatise on Probability on pp. 38-40, which contains a diagram on page 39 that Keynes himself...
Persistent link: https://www.econbiz.de/10012844301