Probability (1921), as well as its connections to the later General Theory (1936), that is correct. However, practically all of the specifics listed by Shiller, used to support his generally correct conclusions, involve either errors of omission or commission. Shiller's assessment is based on...

All Rational Expectation Theorists rely on the Fallacy of Conditional Apriorism (Long Runism)in order to operationalize the Objective Limiting Frequency Interpretation of Probability. However, such a limit only occurs in the far distant long run as the number of observations from Time Series...

Buddha's ethical system of thought is extremely close to Adam Smith's ethical system of thought, since both taught versions of virtue ethics.This paper involves an examination of the processes by which humans can attain happiness according to both Buddha and Adam Smith.Both agree that to attain...

Post Keynesians, starting with the work of Joan Robinson, G. L. S. Shackle, Sydney Weintraub, and Paul Davidson, have portrayed Keynes's General Theory and Post General Theory work on the concepts of uncertainty and probability in strictly binary terms, like knowledge-unknowledge,...