Similar Search Results

Keynes Always Adhered to His Logical, Objective Probability Relation, Defined As P(a/H) Equals a Rational Degree of Belief, α : Logical Probability Always Remained the Guide to Lif...

Brady, Michael Emmett - 2019

Keynes's 1931 acknowledgement, that Ramsey's theory of subjective degree of belief, based on numerically precise …'s theory did not deal with Keynes's rational degrees of belief, P(a/h)=α,where 0≤α≤1. Only in the special case where w=1 does …

Persistent link: https://www.econbiz.de/10012864215

Comparing Augustine and Confucius on their Smithian Type 'The Poor Man's Son' Analysis in the Theory of Moral Sentiments : They Are Very Close

Brady, Michael Emmett; Tang, Clark - 2019

Both Confucius and Augustine present very similar type arguments about how we can be happy in this life. Both, like Smith after them, reject the utilitarian claim that wealth, money and riches will make one happy. Smith’s argument is more detailed and longer. However, they all arrive at the...

Persistent link: https://www.econbiz.de/10014106451

Comparing Augustine's Version of Adam Smith's 'the Poor Man's Son' Analysis with Adam Smith's Version : Wealth Can't Make You Happy, but the Pursuit of Virtue Will

Brady, Michael Emmett - 2019

Augustine’s argument about the failure of wealth to insure one’s happiness is very similar to Adam Smith’s position except that Augustine compares a lower income or middle income class citizen with a rich citizen while Smith compares a lower income class citizen,or poor citizen, with a...

Persistent link: https://www.econbiz.de/10014107185

Keynes's Anti Marshallian, General Theory Analysis Against the Marshallians, Robertson and Pigou, in 1937 : Pigou' 'Money Wages in Relation to Unemployment'

Brady, Michael Emmett - 2018

"The Theory of Unemployment". In 1937, Pigou argued that there were two separate theories of interest rate determination …

Persistent link: https://www.econbiz.de/10014111434

The Keynes–Hawtrey Exchanges of February and March, 1936 in Volume 14 of the CWJMK : Keynes's Theory was NOT that the Supply and Demand for Money Alone Determined the Rate of Inter...

Brady, Michael Emmett - 2018

’s theory of the determination of the rate of interest in the General Theory in 1936 or in his 1937 Quarterly Journal of … Economics reply article was portrayed as a completely monetary theory where the demand and supply of money alone determined the … of Hawtrey, Robertson, or Joan Robinson in ascribing to Keynes a purely monetary theory of the rate of interest. Hicks …

Persistent link: https://www.econbiz.de/10014116525

Adam Smith (‘Self Interest’ Meant the Virtue of Prudence) Against Jeremy Bentham and the Economics Profession (‘Self Interest’ Meant the Vice of Greed, Selfishness, and Avarice)...

Brady, Michael Emmett - 2017

The economics profession has completely mixed up Adam Smith’s definition of self-interest, by which Smith means the absolute necessity of successfully applying the Virtue of Prudence, with Jeremy Bentham’s directly conflicting definition of self-interest, which is the Vice of Greed,...

Persistent link: https://www.econbiz.de/10014117908

How Kahn and the Robinsons Knew for Certain by August 1937, that Keynes's Theory of Interest Rate Determination Combined Liquidity Preference with the Incomplete Neoclassical Theor...

Brady, Michael Emmett - 2017

curve to have a determinate theory of the rate of interest. Keynes sent his formal, unpublished comments to J. Robinson, A …. Robinson, and R. Kahn knew for certain by 1937 that Keynes’s theory of the rate of interest, as presented in both the General … Theory and the Quarterly Journal of Economics reply article, published earlier in February 1937, was an IS-LP(LM) approach …

Persistent link: https://www.econbiz.de/10014119052

$Cover Image$

On the Conflict Between Kahn’s 1936 Reply to Neisser, That ‘My Own Ideas Were Largely Derived From Mr. Keynes’, and Kahn’s Critical Assessment of Keynes’s Math Skills in R. Skidels...

Brady, Michael Emmett - 2019

The claim made to Robert Skidelsky by Richard Kahn, published in Skidelsky’s 1992 second volume of his autobiography of Keynes, that “…he recalled Keynes himself as being a poor mathematician by 1927…”, is in direct conflict with Kahn’s 1936 reply to Neisser, that "My own ideas were...

Persistent link: https://www.econbiz.de/10014102987

On Fisher's Review of J M Keynes's A Treatise on Probability - A Fiasco

Brady, Michael Emmett - 2016

J M Keynes’s A Treatise on Probability is built on the mathematical and logical foundations of G E Boole’s 1854 The Laws of Thought. Boole introduced the first technical attempt (Adam Smith was the first to specify and solve two such indeterminate problems in The Wealth of Nations) at...

Persistent link: https://www.econbiz.de/10014129441

Bertrand Russell on Keynes's A Treatise on Probability : What One Would Expect from the Twentieth Century's Greatest Philosopher

Brady, Michael Emmett - 2016

with Keynes as being of no consequence. Russell also noticed that an improved relative frequency theory of probability is …’s criticisms of these types of theories are not as relevant when dealing with a frequency theory such as Whitehead’s. Russell was …

Persistent link: https://www.econbiz.de/10014126722