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Joan Robinson on Keynes's Liquidity Preference Function and the Rate of Interest and Her Failure to Grasp the Connection between the General Theory, the Liquidity Preference Functi...

Brady, Michael Emmett - 2018

treatise on Probability and the concept of the weight of the evidence from the General Theory. She mixed up Keynes's concept of … that was sent to both Austin Robinson and Richard Kahn. Keynes explicitly states that his theory of the rate of interest is … NOT that the interest rate is determined by the demand and supply of money. Keynes's theory of the interest rate is an …

Persistent link: https://www.econbiz.de/10012928375

From Keynes Back to Smith and Aristotle : Liquidity Preference, Hoarding, and Speculation

Brady, Michael Emmett - 2018

Persistent link: https://www.econbiz.de/10012931457

The Fundamental Error of Rational Expectations Proponents Is Their Claim that They Have Discovered True Statistical Models : Given that No Model Can Be True, Talk of Having a 'True...

Brady, Michael Emmett - 2020

are useful.'Rational expectations advocates violate basic scientific approaches to theory construction and model use when …

Persistent link: https://www.econbiz.de/10012825898

Keynes Spelt Out Exactly What 'Degree of Rational Belief ' Meant in His a Treatise on Probability (1921) : Correcting the Severe Errors in Courgeau (2012)

Brady, Michael Emmett - 2020

philosophy, when it comes to the question of understanding the meaning of Keynes ‘s logical theory of probability and his concept …

Persistent link: https://www.econbiz.de/10012830367

Keynes’s Use of Certainty Equivalent, Short Run Expectations in the General Theory, the Evidential Weight of the Argument, V(a/H)=W, 0≤w≤1, the Townshend -Keynes Exchanges of 1937–...

Brady, Michael Emmett - 2020

Persistent link: https://www.econbiz.de/10012830854

George Box’s Realization, That All Models, Especially Statistical Models, Are Wrong Means That It Is Impossible for There to Be Any True Probabilities, True Models, True Theories,...

Brady, Michael Emmett - 2020

Persistent link: https://www.econbiz.de/10012831592

The Overlooked Importance of Benjamin Friedman’s Original, 1979 Critique of the Foundations of Rational Expectations Supplied by Lucas and Sargent : The Fallacy of Long Runism (Con...

Brady, Michael Emmett - 2019

Persistent link: https://www.econbiz.de/10012889114

Rational Expectations Theorists Rely Completely on the Fallacy of Conditional Apriorism (Long Runism), First Introduced by Charles Sanders Pierce and Hans Reichenbach in Their Obje...

Brady, Michael Emmett - 2019

All Rational Expectation Theorists rely on the Fallacy of Conditional Apriorism (Long Runism)in order to operationalize the Objective Limiting Frequency Interpretation of Probability. However, such a limit only occurs in the far distant long run as the number of observations from Time Series...

Persistent link: https://www.econbiz.de/10012893664

On Paul Davidson’s Critique of Rational Expectations : Aiming at the Wrong Target Using the Wrong Theoretical Construct for the Wrong Reasons

Brady, Michael Emmett - 2019

Persistent link: https://www.econbiz.de/10012895282

Rational Expectations Has No Foundation in Any Coherent, Existing Theory of Probability

Brady, Michael Emmett - 2018

The theory of rational expectations has no foundation in any extant theory of probability. None of the five existing …

Persistent link: https://www.econbiz.de/10012910371