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An Analysis of the Content and Quality of Joan Robinson’s 1953 Book, on Re-Reading Marx : What It Demonstrates About Her Ability to Do Independent Research Without R. Kahn’s Help...
Brady, Michael Emmett - 2018
The quality of J. Robinson's short book, On Re-reading Marx, is so poor that it calls into question her capability to do research independent from the constant help, supervision and aid of Richard Kahn. The three essays, in fact, demonstrate and reflect her own actual ability to do economic...
Persistent link: https://www.econbiz.de/10012930206
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Adam Smith’s Maximizing Prudent Behavior (Minimize Losses) Versus Jeremy Bentham’s Maximizing Utility (Money)
Brady, Michael Emmett - 2018
Persistent link: https://www.econbiz.de/10012930400
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On Kennedy's Literary Proof of the Impossibility that Smith Had a 'Theory of the Invisible Hand of Markets' in the Wealth of Nations
Brady, Michael Emmett - 2018
G. Kennedy carefully examined the conflict that Smith covered in The Wealth of Nations brought about by Upper Income citizens that Smith classified as “Projectors, Imprudent risk takers, and Prodigals”. Their behavior led to very detrimental, negative outcomes in the macro economy as a...
Persistent link: https://www.econbiz.de/10012930902
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Smith's Virtue of Prudence Has Nothing to Do with Bentham's Dictum About Maximizing One's Utility (Money)
Brady, Michael Emmett - 2018
Persistent link: https://www.econbiz.de/10012931359
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From Keynes Back to Smith and Aristotle : Liquidity Preference, Hoarding, and Speculation
Brady, Michael Emmett - 2018
Persistent link: https://www.econbiz.de/10012931457
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G. L. S. Shackle was J. M. Keynes's Rival and Opponent : He was an Austrian and Never a Keynesian of Any Type
Brady, Michael Emmett - 2018
Persistent link: https://www.econbiz.de/10012931830
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W. Grampp's 'What Did Smith Mean by the Invisible Hand?' Overlooks Smith's Analysis of Uncertainty-Ambiguity Aversion Based on His Definition of Uncertainty in the Wealth of Nation...
Brady, Michael Emmett - 2018
Grampp, as well as all other economists who have written on Smith, overlooked Smith's original contributions to decision making under uncertainty. Grampp's main point, that “The invisible hand is not a power that makes the good of one the good of all, and it is not any of a number of other...
Persistent link: https://www.econbiz.de/10012931856
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Money Wages are Completely Flexible in Chapters 19, 20 and 21 of the General Theory
Brady, Michael Emmett - 2018
Chapter 19 of the General Theory gives Keynes's literary presentation of why perfectly flexible money wages can … ASC is Keynes's primary mathematical result in Footnote 2 on pp.55-56 of the General Theory,a result which Keynes … duplicated in far more greater detail on pp.283-284 of the General Theory and in footnotes 1 and 2 on p.283 of the General Theory …
Persistent link: https://www.econbiz.de/10012931970