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Thomas Aquinas on Decision Making Under Uncertainty, Ignorance, and Risk : The Role of Keynes's Weight of the Evidence Concept in His Approach

Brady, Michael Emmett - 2018

from the A Treatise on Probability and confidence from Keynes’s General Theory, as well as Adam Smith’s views on …’s weight of the evidence concept in Keynes’s A Treatise on Probability and confidence concept from Keynes’s General Theory …

Persistent link: https://www.econbiz.de/10014115385

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

Adam Smith’s Very Brief Mention and Discussion of the Invisible Hand, In His The Theory of Moral Sentiments and The Wealth of Nations, Was Not Intended to Provide Any Theoretical F...

Brady, Michael Emmett - 2019

Adam Smith’s The Theory of Moral Sentiments (1759) provided a general analysis of virtue ethics (prudence, temperance … that provided a general theory of decision making that applied to all aspects of society, and his General Theory (1936 …), which applied his general theory of decision making to one specific area, the area of macroeconomics, which was the study of …

Persistent link: https://www.econbiz.de/10014104996

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

Chapter 13 of the General Theory Does not Contain J M Keynes’s Liquidity Preference Theory of the Rate of Interest : A Study of the Erroneous Use and Abuse of Chapter 13 of the Gen...

Brady, Michael Emmett - 2020

A major source of confusion about Keynes’s Liquidity Preference theory of the rate of interest is the failure of … readers of the General Theory to recognize that chapter 13 is an introductory chapter that lays the ground work and … foundations for chapter 15. Keynes’s actual theory is presented in chapters 15. All of the elements are then brought together in …

Persistent link: https://www.econbiz.de/10014110247

On the Impossibility that J M Keynes Ever Collaborated with R. Kahn, J. Robinson, or A. Robinson When He Wrote the General Theory in 1936

Brady, Michael Emmett - 2017

General Theory was a work of collaboration. Marcuzzo (2002) claims that R. Kahn was a collaborator with Keynes in writing the … General Theory.The post General Theory work of J. Robinson and R. Kahn offers overwhelming evidence that they not only did not … collaborate with Keynes in the writing of the General Theory, but that they had no idea whatsoever about what Keynes was doing …

Persistent link: https://www.econbiz.de/10012946535

Keynes's Views on Formalism and Mathematics : On the Role Played by Mathematical Formalism in His IS-LP(LM) Model As Presented in the General Theory in Chapter 21

Brady, Michael Emmett - 2017

J. M. Keynes's general comments made on pp. 275-276, pp. 297-298, and p.305 of the General Theory concerning the … potential problems with the model, was presented on pp. 298-303 of the General Theory. Keynes spent five pages listing what … applying the model, were presented by Keynes. Nevertheless, Keynes made it crystal clear on p. 299 of the General Theory that …

Persistent link: https://www.econbiz.de/10012947454

How J M Keynes's Mathematical IS-LP (LM) Model in the General Theory in Part IV of Chapter 21 Was Overlooked by the Economics Profession

Brady, Michael Emmett - 2017

the General Theory appeared in print. Keynes used a terminology that substituted Liquidity Preference (LP) for the later … briefly in Section IV of chapter 15, and then presented in great detail in Section IV of chapter 21 of the General Theory …

Persistent link: https://www.econbiz.de/10012948500

Comparing Keynes's Mathematical IS-LP(LM) Model from His Student Lectures in 1933 -1935 with the Mathematical IS-LP(LM) Model in the General Theory in Chapters 15 and 21 : The Mode...

Brady, Michael Emmett - 2017

in the General Theory is contained in chapter 15 on pp.199-203, 208-09 where it is summarized and briefly analyzed. It is … more comprehensively analyzed in chapter 21 on pp.298-303. The General Theory versions in chapters 15 and 21 are much more … work contained in chapters 15 and 21 of the General Theory …

Persistent link: https://www.econbiz.de/10012949865

An Analysis of Mistakes Made by Economists in their Study of Keynes's Diagram on Page 180 in the General Theory

Brady, Michael Emmett - 2017

Economists who analyzed Keynes's Diagram on page 180 of the General Theory erred by (a) reading only the first one … Theory demonstrated, the main model of the GT is Keynes's version of IS - (LP) LM. The Theory of Effective Demand, based on … his uncertainty analysis in the General Theory simply because the overwhelming number of economists, then as now, accepted …

Persistent link: https://www.econbiz.de/10012950893