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J M Keynes’s Contribution to Solving the Certainty Effect Problem : How Some Philosophers Overlooked Keynes’s Conventional Coefficient of Weight and Risk, C
Brady, Michael Emmett - 2020
J M Keynes solved the problems of the certainty, reflection, translation, and preference reversal effects long before these effects were specified in the post world war II literature by psychologists. Keynes recognized in chapter 26 of the A Treatise on Probability (1921; p.313) that all of these...
Persistent link: https://www.econbiz.de/10012833178
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The Restricted Role of Caprice (Whim) in J M Keynes’s Interval Valued Theory of Probability in the A Treatise on Probability, General Theory, and in the Keynes-Townshend Correspond...
Brady, Michael Emmett - 2020
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
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The Mainstreaming of Marx : Measuring the Effect of the Russian Revolution on Karl Marx’s Influence
Magness, Phillip - 2020
Today, Karl Marx is considered one of the preeminent social scientists of the last two centuries, and ranks among the most frequently assigned authors in university syllabi. However in Marx's time, many competing sociological traditions and socialist political movements espoused similar ideas...
Persistent link: https://www.econbiz.de/10012836632
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On Keynes’s Painstaking Slow Instruction of Harrod on the Technical Aspects of His IS-LM Model in July-September, 1935 : Harrod Only Finally Understood Keynes’s IS-LM Model After H...
Brady, Michael Emmett - 2020
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
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Comparing Orthodox (N. G. Mankiw) and Heterodox (M. Zafirovski) Economist Views of Adam Smith, the Invisible Hand of the Market, and Laissez Faire : Both Views Completely Overlook...
Brady, Michael Emmett - 2020
The degree to which Adam Smith's view, that the opulence of any nation at the macro level was the result of, and was determined by, large numbers of “sober” people practicing the Virtue of Prudence, which Smith demonstrated in Part VI of the Sixth Edition of The Theory of Moral Sentiments in...
Persistent link: https://www.econbiz.de/10012840895
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Some Examples of 21st Century Philosophers Who Have Written About Keynes’s Logical Theory of Probability, but Have Skipped Part II of the A Treatise on Probability, Where Keynes Pr...
Brady, Michael Emmett - 2020
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
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A Historical Summary of How a Severe Misinterpretation of the only Diagram in Keynes’s A Treatise on Probability in Chapter III on Page 39 Spread to Philosophers : From G. Meeks (1...
Brady, Michael Emmett - 2020
G. Meeks's original analysis of the diagram on Page 39 (Page 42 of the CWJMK version in 1973) in chapter III of the A Treatise on Probability in 1976 erred in claiming that Keynes was illustrating ordinal,or rank order, probability measurement. Keynes was actually illustrating interval valued...
Persistent link: https://www.econbiz.de/10012842299