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On the Impossibility of Adam Smith Being an Advocate/Apologist of Laissez Faire and the Invisible Hand : Smith Recognized the Dangers of the Upper Income Class Prodigals, Imprudent...

Brady, Michael Emmett - 2019

Persistent link: https://www.econbiz.de/10012859848

J. M Keynes Was Never a ‘Chapter 12’ Keynesian : The Claim That He Was a ‘Chapter 12’ Keynesian Was Manufactured by Joan Robinson and G. L. S. Shackle After His Death by Changing K...

Brady, Michael Emmett - 2019

Persistent link: https://www.econbiz.de/10012860079

The Foundation for Keynes’s Decision Theoretic Approach to Uncertainty in the General Theory (1936) and the 1937 Quarterly Journal of Economics Reply Article was Acknowledged by Ke...

Brady, Michael Emmett - 2019

Keynes made it clear to Townshend in their 1937-38 exchanges that Townshend's assessment, that Keynes ‘s theory of … liquidity preference in the General Theory was based on Keynes's non numerical probabilities and weight of evidence … importance of Keynes's comments on pages 148 and 240 of the General Theory. There is absolutely no support for any heterodox and …

Persistent link: https://www.econbiz.de/10012862428

On the Failure of Economists to Grasp the Difference between the Calculus (Instantaneous Change) Model Used by Keynes in the General Theory to Define the Mathematical Theory of the...

Brady, Michael Emmett - 2019

Theory by Keynes is identical to the exposition given by Keynes in chapter 26 of the A Treatise on Probability in footnote 1 … on page 315. The mathematical theory requires that the limit be taken of an infinite, declining, geometric series of … show that they have nothing to do with what Keynes wrote on pages 122-123 and the General Theory …

Persistent link: https://www.econbiz.de/10012864008

The Virtues of Prudence and Self-Command, not Jeremy Bentham’s Max U or the Invisible Hand of the Market, are Adam Smith’s Foundation for the Wealth of Nations

Brady, Michael Emmett - 2019

The Theory of Moral Senti ... …

Persistent link: https://www.econbiz.de/10012864508

How Should the Post Keynesian School Define ‘Uncertainty’? 1 The Only Correct Answer Is to Use Keynes’s Own Definition Given in Footnote 1 on Page 148 of Chapter 12 of the General ...

Brady, Michael Emmett - 2019

definition of uncertainty given by Keynes in footnote 1 on page 148 of the General Theory that was repeated on page 240 of the … General Theory.The footnotes on page 148 and 240 of the General Theory are the foundation for Townshend's summary of the 1937 … evidence (argument) from the A Treatise on Probability were the foundation for Keynes's liquidity preference theory of the rate …

Persistent link: https://www.econbiz.de/10012864576