Showing 1 - 10 of 19
The Townshend–Keynes exchanges over decision making, weight of the argument (evidence), non numerical probabilities (Keynes’s term for Boole’s constituent probabilities, used in The Laws of Thought in 1854, that appears on page 163 of the A Treatise on Probability in chapter 15 on inexact...
Persistent link: https://www.econbiz.de/10014104170
The editors of the Collected Writings of John Maynard Keynes made an unfortunate blunder when they assigned to Richard Braithwaite the task of writing an editorial foreword to Volume 8, A Treatise on Probability, of the Collected Writings of John Maynard Keynes. Braithwaite never read the A...
Persistent link: https://www.econbiz.de/10012968302
Keynes made a final reassessment of his chapter 15, Section IV simultaneous, four equation IS-LM model in Section IV of chapter 21 of the General Theory that is duplicated in his 1937 Quarterly Journal of Economics article . In his 1937 reply, his summary of the two main reasons for his...
Persistent link: https://www.econbiz.de/10012950753
Economists who analyzed Keynes's Diagram on page 180 of the General Theory erred by (a) reading only the first one-half of page 181 and (b) by using the wrong equation of liquidity preference on page 168 from chapter 13 instead of the correct equation on page 199 of chapter 15. Keynes's clearly...
Persistent link: https://www.econbiz.de/10012950893
J. Viner, as well as all other economists who have written on Keynes's analysis of the rate of interest in the General Theory, erred in not taking into account Keynes's detailed, painstaking analysis on pp.180-182 of the General Theory, where Keynes clearly and carefully derived and identified...
Persistent link: https://www.econbiz.de/10012953043
Edgeworth's two reviews of the A Treatise on Probability, in Mind and The Journal of the Royal Statistical Society, demonstrated an understanding of many of the topics of Keynes' approach that was not achieved by any other reviewer, including the reviews made by B. Russell and C. D....
Persistent link: https://www.econbiz.de/10012989950
Hicks's assessment of the value of Champernowne's 1936 contribution to the Review of Economic Studies about the General Theory, that “What is common between my paper and [Champernowne's] seems to be no more than what any intelligent person could have got from a careful reading of the General...
Persistent link: https://www.econbiz.de/10012913490
J M Keynes's supposed attack on mathematical economics is a myth created by Joan Robinson and her fellow Pseudo Keynesians, Austin Robinson and Richard Kahn, as well as by many of their supporters. Nowhere does Keynes attack mathematical economics. Of course, he does attack “pseudo...
Persistent link: https://www.econbiz.de/10012915819
The manner in which R. Kahn presented his mathematical results on the multiplier in the Economic Journal of June, 1931, is identical to the style of presenting mathematical results used by Keynes to present his mathematical analysis starting with the A Treatise on Probability in 1921. Keynes's...
Persistent link: https://www.econbiz.de/10012907803