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A Simplified, Graphical Exposition of Keynes's Argument on Pages 179-181 of the General Theory About the Equation Missing from the Neoclassical Theory of the Rate of Interest
Brady, Michael Emmett - 2018
Keynes provided a technical analysis on pages 179-181 of the General Theory that identified two separate rates of interest, r1 and r2, each different rate of interest associated with a different Demand for Investment and Supply of Savings Intersection. Each combination would provide a different,...
Persistent link: https://www.econbiz.de/10012926784
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The Restricted Role of Caprice (Whim) in J M Keynes’s Interval Valued Theory of Probability in the A Treatise on Probability, General Theory, and in the Keynes-Townshend Correspond...
Brady, Michael Emmett - 2020
Keynes recognized that there were a few cases where his rational analysis of decision making under conditions of uncertainty and risk using: (a) interval valued probability in Parts II and III of the A Treatise on Probability,(b) decision weights in Part IV of the A Treatise on Probability ,or...
Persistent link: https://www.econbiz.de/10012835277
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On Keynes’s Painstaking Slow Instruction of Harrod on the Technical Aspects of His IS-LM Model in July-September, 1935 : Harrod Only Finally Understood Keynes’s IS-LM Model After H...
Brady, Michael Emmett - 2020
Keynes spent a tremendous amount of time and energy attempting to tutor Harrod on the mechanics of his IS-LM model between July to September, 1935. Keynes's painstaking slow attempts finally led Keynes in desperation to write a three point postscript to his letter of August, 1935, that is...
Persistent link: https://www.econbiz.de/10012840000
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Some Examples of 21st Century Philosophers Who Have Written About Keynes’s Logical Theory of Probability, but Have Skipped Part II of the A Treatise on Probability, Where Keynes Pr...
Brady, Michael Emmett - 2020
Nearly one hundred years after Keynes published his A Treatise on Probability in 1921,it appears that practically no philosophers have read Part II of the A Treatise on Probability in either the 20th or 21st centuries. This simply means that no modern day philosopher is in any position to...
Persistent link: https://www.econbiz.de/10012842021
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The Foundations of J M Keynes's IS-LM Model in Chapter 15 of the General Theory : Keynes's D-Z Model of Chapters 20 and 21
Brady, Michael Emmett - 2017
F. Modigliani presented a special case of Keynes's General Theory result in 1944 in his “Liquidity Preference and the Theory of Interest and Money”. Modigliani sought to provide the IS-LM model of Hicks's 1937 Econometrica interpretation of Keynes's chapter 15 IS-LM model with microeconomic...
Persistent link: https://www.econbiz.de/10012951951
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Correcting A. Hansen's Errors on pp. 140-141, 147-148 of His A Guide to Keynes in 1953 : How A. Hansen's Errors Changed the Course of Economic History and Thought for the Worse
Brady, Michael Emmett - 2017
A. Hansen's gross error concerning J M Keynes's analysis in chapter 14 on pp. 180-181 of the General Theory in his A Guide to Keynes changed the course of economic thought and economic history for the worse due to the millions of economics students who, instead of reading the General Theory,...
Persistent link: https://www.econbiz.de/10012953342
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Completing D. Patinkin's Partially Correct, Incomplete Assessment of J M Keynes's Role as the Creator in the Development of the IS-LM Model
Brady, Michael Emmett - 2017
Patinkin came very, very close in 1987 to discovering for himself that Keynes,not Hicks, was the creator and developer of IS-LM. Unfortunately, he stopped his analysis right at the point where he could have established Keynes's priority over Hicks.On pp.180-181 in chapter 14 of the GT,Keynes...
Persistent link: https://www.econbiz.de/10012954371