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F.Y.Edgeworth’s Two Reviews of Keynes’s a Treatise on Probability Easily Refutes G. Wheeler’s 2012 Claim About ‘…How Far Kyburg Went Beyond Keynes…’ (Wheeler, 2012, p.443) : On the...

Brady, Michael Emmett - 2020

Probability. Edgeworth’s careful and judicious reading of Keynes’s chapter III allowed him to conclude that Keynes’s theory was an … interval valued theory of probability, as opposed to Kyburg’s claims that Keynes merely had made some comments that would lead … an interval valued theory of probability if they were developed mathematically and logically.Wheeler ‘s evaluation of …

Persistent link: https://www.econbiz.de/10014093334

Probability in economics

Hamouda, Omar F.; Rowley, John C. R. - 1996 - 1. publ.

Persistent link: https://www.econbiz.de/10013420869

Keynes and Knight on Uncertainty : Peas in a Pod or Chalk and Cheese?

Packard, Mark; Bylund, Per L.; Clark, Brent - 2021

For many years, the ideas of Knight and Keynes have been widely understood to overlap greatly and they are presumed to have developed notions of uncertainty that deeply intersect, both describing a state where outcomes have non-probabilistic likelihoods. Further, even their political...

Persistent link: https://www.econbiz.de/10013226598

A Sraffian Critique of the Classical Notion of Centre of Gravitation

Dupertuis, Michel-Stéphane - 2010

In this paper we use insights from Sraffa's classic, Production of Commodities by Means of Commodities, to argue that the classical notion of ‘centre of gravitation' is not a sound concept. The market mechanics of labour allocation through price signals and quantity adjustments, given...

Persistent link: https://www.econbiz.de/10013150396

The Origins of the Economics of Innovation : John Rae (1824)

Coccia, Mario - 2017

John Rae has recently been rediscovered as a precursor of the endogenous growth theory. This study argues that Rae … change within the economic systems. The aim of this paper is to suggest that the origins of the Economics of innovation go … back to many years before Schumpeter's theory (1911), with the original study by John Rae in 1834.The Scottish philosopher …

Persistent link: https://www.econbiz.de/10012956570

The Invisible Hand of God in Adam Smith

Denis, Andy - 2017

Adam Smith is revered as the father of modern economics. Analysis of his writings, however, reveals a profoundly …

Persistent link: https://www.econbiz.de/10012971676

Labor and Exchange : Adam Smith and the Emergence of the Economic Discourse

Cerqueira, Hugo E. A. da Gama - 2001

This article explores why Smith's work is a turning point in the history of economic thought. The constitution of an economic discourse and the delimitation of the economy sphere are attributed to: i) the specific nature of Smith's moral philosophy; ii) his way of conceiving economic action as...

Persistent link: https://www.econbiz.de/10014133289

The Origins of the Economics of Innovation

Coccia, Mario - 2018

This study suggests that the origins of the economics of technical change go back to many years before Schumpeter …, issued in 1834, put forward the basis of the Economics of innovation individuating the nature, causes of technological … basic for the origin of the Economics of innovation, for defining the domain of this discipline and for explaining the …

Persistent link: https://www.econbiz.de/10014033703

R. B Braithwaite’s Editorial Foreword to the 1973 Collected Writings of John Maynard Keynes Edition of Keynes’s a Treatise on Probability Is ‘…Very Puzzling, indeed.’ (Skidelsky, 1...

Brady, Michael Emmett - 2020

Keynes's logical theory of probability,which is silly: “Braithwaite's reaction [author's note-Braithwaite's reaction to … the addition rule(additivity) is a special case only in chapters 10-14 while chapters 15-17 contain Keynes's theory of …

Persistent link: https://www.econbiz.de/10012825285

An Examination of the Many Severe Errors Made by Richard Braithwaite in His Editorial Foreword to Volume 8 of the a Treatise on Probability in the Collected Writings of John Maynar...

Brady, Michael Emmett - 2017

, demonstrating that Keynes's theory was interval valued and specifically designed to deal with uncertainty, brought on by missing …

Persistent link: https://www.econbiz.de/10012968302