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The Foundation for Keynes’s Decision Theoretic Approach to Uncertainty in the General Theory (1936) and the 1937 Quarterly Journal of Economics Reply Article was Acknowledged by Ke...
Brady, Michael Emmett - 2019
Keynes made it clear to Townshend in their 1937-38 exchanges that Townshend's assessment, that Keynes ‘s theory of … liquidity preference in the General Theory was based on Keynes's non numerical probabilities and weight of evidence … importance of Keynes's comments on pages 148 and 240 of the General Theory. There is absolutely no support for any heterodox and …
Persistent link: https://www.econbiz.de/10012862428
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On the Failure of Economists to Grasp the Difference between the Calculus (Instantaneous Change) Model Used by Keynes in the General Theory to Define the Mathematical Theory of the...
Brady, Michael Emmett - 2019
Theory by Keynes is identical to the exposition given by Keynes in chapter 26 of the A Treatise on Probability in footnote 1 … on page 315. The mathematical theory requires that the limit be taken of an infinite, declining, geometric series of … show that they have nothing to do with what Keynes wrote on pages 122-123 and the General Theory …
Persistent link: https://www.econbiz.de/10012864008
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The Virtues of Prudence and Self-Command, not Jeremy Bentham’s Max U or the Invisible Hand of the Market, are Adam Smith’s Foundation for the Wealth of Nations
Brady, Michael Emmett - 2019
The Theory of Moral Senti ... …
Persistent link: https://www.econbiz.de/10012864508
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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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On the Shocking Ignorance of Economists of G. Boole’s Logical Theory of Probability in His 1854 the Laws of Thought : Keynes’s Logical Theory of Probability in the 1921 a Treatise...
Brady, Michael Emmett - 2020
Keynes's logical theory of probability was NOT the first explicit and detailed approach to logical probability. George …'s own logical theory was built on both the work of Boole and the work of William E. Johnson. This paper will deal with the … built his logical theory of probability and who were the scholars whom Keynes built his approach to logical probability on …
Persistent link: https://www.econbiz.de/10012845317