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Stabilization policy : a turbulent journey through time
Landmann, Oliver - 2022
The theory and practice of stabilization policy has taken many turns as it evolved over the past century, oscillating … economy in the face of macroeconomic shocks. Views on this question have been shaped by experience, theory and ideology to …
Persistent link: https://www.econbiz.de/10013383580
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Dictionary Reconstructions of the History of the Theories of Crises and Cycles : A Meta-Taxonomy
Besomi, Daniele - 2011
This chapter surveys the classificatory approaches of business cycles and crises theories found in dictionary articles. These are found to belong to a surprisingly small number of types. At first, dictionary writers only cited the theories they wanted to disprove. Then (especially in Germany in...
Persistent link: https://www.econbiz.de/10013119917
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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
aggregate income ,Y, in order to support the existing classical (neoclassical ) theory of the rate of interest in (r;I,S ) space …, is very similar to Pigou's assumption of ceteris paribus in his 1933 The Theory of Unemployment, so that he could apply … his Marshallian apparatus of partial equilibrium. Keynes's main point in the appendix to Chapter 19 of his General Theory …
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
the imprecise theory of probability long before Koopman's work in 1940 or the work of I. J. Good, C. Smith ,or H.E. Kyburg …
Persistent link: https://www.econbiz.de/10012842021
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The Claim That the Diagram on Page 39 of Keynes’s a Treatise on Probability(1921) Represents ‘Keynes’s View of Probability’ (S. Bradley, 2019), Has No Support : It Represents a Ver...
Brady, Michael Emmett - 2020
A major error in analyzing how Keynes operationalized his logical theory of probability in 1921 is to assume that … ordinal theory that could only be implemented some of the time.No philosopher has ever made this error until the publication …
Persistent link: https://www.econbiz.de/10012844301
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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 foundations in the theory of the firm that included a production function …
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 … students who, instead of reading the General Theory, read Hansen's A Guide to Keynes instead. Hansen's book then became … accepted in the economics profession as the correct assessment of Keynes's General Theory. Hansen did an excellent job in …
Persistent link: https://www.econbiz.de/10012953342