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J. M. Keynes's General Theory : The Role of Virtue Ethics Versus the Benthamite Utilitarian Ethics of Classical, Neoclassical and 'Modern' Economics
Brady, Michael Emmett - 2017
J. M. Keynes based the ethical foundations of the General Theory on a type of Virtue Ethics that he had learned from G … two major points made by Keynes in the General Theory. First, Utilitarianism, of whatever type, collapses if either the …
Persistent link: https://www.econbiz.de/10012947700
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A Study of Some of the Most Severe Misrepresentations of J.M. Keynes's Theory of the Rate of Interest in the General Theory in the Late 1930's
Brady, Michael Emmett - 2018
Keynes's theory of the ra ... …
Persistent link: https://www.econbiz.de/10012932576
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The Final Chapter in Keynes's 'History of the Multiplier Doctrine' Had Already Been Written in the 'A Treatise on Probability' in 1921 in Chapter 26
Brady, Michael Emmett - 2018
mathematical theory of the multiplier at least 10 years before the publication of Kahn's article and applied his knowledge by … providing an application of the multiplier theory in May of 1929, at least two years before the publication of Kahn's article … chapter 26 of the General Theory. The real unanswered question is why it took nine decades for economists to recognize that it …
Persistent link: https://www.econbiz.de/10012907509
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J M Keynes's Evidential Weight of the Argument, V(A/H),Which Applies to Arguments, is Different from the Weight of the Evidence, W, Which is a Measure of the Completeness of the In...
Brady, Michael Emmett - 2017
Keynes's V(a/h) relation, first presented on p.72 of chapter 6 of the A Treatise on Probability (1921), represents the Evidential Weight of the Argument from h to a. H and a are related to each other and can't be separated. V relates two sets of propositions, a and h. H is the premises and a is...
Persistent link: https://www.econbiz.de/10012949256
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On J M Keynes's Clear Cut Discussion of Interval Valued Probability in Chapter III of the a Treatise on Probability
Brady, Michael Emmett - 2017
In chapter III of the A Treatise on Probability, Keynes made it very clear that ordinal, qualitative probability did not apply in many cases. Further, ordinal probability was very weak as far as providing useful information upon which a decision maker could act. However, this did not mean that...
Persistent link: https://www.econbiz.de/10012950375
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The Role of the Virtue of Prudence in a Racing Competition and in an Economic Competition in the Market Place : Prudence Is the First and Only Virtue Applied in Both Situations
Brady, Michael Emmett - 2019
Just as there is a division of labor and specialization of function in the economic realm, the application of the different virtues also is divided up and specialized in actual application.Adam Smith's example of running a race emphasized the fact that, when preparing and training and running...
Persistent link: https://www.econbiz.de/10012865626