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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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Keynes Had Already Answered Ramsey’s 1922 and 1926 Critiques Concerning Objective, Logical Probability Relations on Pages 35–36 of the A Treatise on Probability
Brady, Michael Emmett - 2020
Ramsey's 1922 and 1926 critiques about Keynes's logical ,objective probability relations overlooked Keynes's already specified response that Keynes had incorporated on pp. 35-36 of chapter III of the A Treatise on Probability FIVE YEARS before Ramsey made his critique .This fact calls into...
Persistent link: https://www.econbiz.de/10012822589
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On Joan Robinson’s Role in Creating the Myth That R. Kahn Originated the Multiplier Concept
Brady, Michael Emmett - 2020
An enduring myth accepted by all Orthodox and heterodox economists is that it was Richard Kahn who discovered and originated the concept of the multiplier. Kahn then supposedly showed Keynes how the multiplier concept could be specified mathematically so as to provide hard support for Keynes's...
Persistent link: https://www.econbiz.de/10012823476
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Joan Robinson Was the First Bastard Keynesian : There Is No ‘Perhaps’
Brady, Michael Emmett - 2020
Persistent link: https://www.econbiz.de/10012823536
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On the Very Severe Contradictions, Inconsistencies, and Confusions in the Assessment of Keynes’s Logical Theory of Probability in the A Treatise on Probability by Heterodox Economi...
Brady, Michael Emmett - 2020
Very severe contradictions, inconsistencies, and confusions exist in the exchanges between two Heterodox economists, who are considered to be the top Heterodox experts on Keynes's A Treatise on Probability, logical theory of probability, and of the connections between the A Treatise on...
Persistent link: https://www.econbiz.de/10012824402
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How Sipta Overlooked Keynes’s Major Contributions to Imprecise Probability and Decision Making, 1999–2019
Brady, Michael Emmett - 2020
The SIPTA (Society for Imprecise Probability,Theory and Application) view of Keynes's contributions to imprecise probability and application form a one-to-one, onto mapping from the claims of Henry E. Kyburg to what is accepted as being what Keynes's contribution was. Thus, if one is familiar...
Persistent link: https://www.econbiz.de/10012825120
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R. B Braithwaite’s Editorial Foreword to the 1973 Collected Writings of John Maynard Keynes Edition of Keynes’s a Treatise on Probability Is ‘…Very Puzzling, indeed.’ (Skidelsky, 1...
Brady, Michael Emmett - 2020
It is ‘…quite puzzling,indeed'(Skidelsky,1992p.71) how a paper as extremely poor and deficient as R. B. Braithwaite's editorial foreword could have been selected to appear at the beginning of the 1973 Collected Writings of John Maynard Keynes, Volume 8, version of the A Treatise on...
Persistent link: https://www.econbiz.de/10012825285