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The many, many myths created by Joan Robinson about J M Keynes and the General Theory, starting in the early 1930’s … Keynes on the writing of the General Theory, that R. Kahn developed, explained and taught Keynes the theory of the multiplier …, that there was no IS-LM model in the General Theory, that J. Hicks originated and developed the IS-LM model in the April …
Persistent link: https://www.econbiz.de/10013237669
-423,and p.714, his commitment and adherence to his theory of imprecise and inexact probability assessment that completely …
Persistent link: https://www.econbiz.de/10013242634
current assessment of Keynes's A Treatise on Probability and logical theory of probability was. This assessment is based on a …
Persistent link: https://www.econbiz.de/10012989195
Wilson attempted to review the TP in 1923, but, lacking a knowledge of George Boole's interval valued approach to probability, upon which Keynes built his logical approach to probability, he failed completely to recognize what it was that Keynes was doing. He admitted this in the review. Without...
Persistent link: https://www.econbiz.de/10012992385
The misbelief that Keynes's concept of the evidential weight of the evidence, V=V(a/h), in chapter 6 of the A Treatise on Probability, represented a measure of the absolute amount of relevant evidence, came about due to the failure of all philosophers and economists in the 20th and 21st...
Persistent link: https://www.econbiz.de/10012832810
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
explicit attack on Adam Smith’s The Theory of Moral Sentiments and The Wealth of Nations on pages 8-23 in chapter Two of The … on the principle of utility alone and nothing else.Smith’s The Theory of Moral Sentiments is based on sympathy ,but not … antipathy. However, the major foundation for The Theory of Moral Sentiments is the virtue of prudence, since ,without prudence …
Persistent link: https://www.econbiz.de/10014101694
Keynes provided a technical analysis on pages 179-181 of the General Theory that identified two separate rates of … economists to carefully analyze Keynes's analysis on pages 179-181 of the General Theory accounts for the misbelief that Keynes …'s theory of the rate of interest was a purely monetary theory of the rate of interest, although Keynes made it very clear to …
Persistent link: https://www.econbiz.de/10012926784