tag:blogger.com,1999:blog-1740670447258719504.post9164407803964885971..comments2024-03-27T03:00:27.024-04:00Comments on Facts & other stubborn things: Kan't forget KaleckiEvanhttp://www.blogger.com/profile/12259004160963531720noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1740670447258719504.post-26851481652792888172013-01-27T23:12:11.473-05:002013-01-27T23:12:11.473-05:00Will: Just because I agree with Dr. Brady on a lot...Will: Just because I agree with Dr. Brady on a lot of things, doesn't mean I agree with him on everything. Nor does it mean that I'm a cult follower of him. The same would apply to Hyman P. Minsky, who has a lot of followers. It doesn't mean that Minsky's followers would agree with him on everything...Blue Aurorahttps://www.blogger.com/profile/02044362251868221897noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-53728682359871816312013-01-27T17:42:59.714-05:002013-01-27T17:42:59.714-05:00What's most interesting about Kalecki and Keyn...What's most interesting about Kalecki and Keynes's simultaneous discovery (although Malthus and others had really gotten there earlier, if you ask me) is that they were coming from completely different theoretical directions. The time was ripe with the idea of effective demand, whether one was Marshallian or Marxian. Willhttps://www.blogger.com/profile/14943136764424893492noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-86667434433005305432013-01-27T17:40:51.088-05:002013-01-27T17:40:51.088-05:00In short: he fails the test of agreeing completely...In short: he fails the test of agreeing completely with the Honorable and Anointed Doctor Michale Emmett Brady, He who is Highest, King of Kings, blessed be his name--and is therefore not capable of providing any insight!!! <br /><br />In general, I would caution against following the protocols of cults when conducting study of the world. It leads sooner or later to bad results. Willhttps://www.blogger.com/profile/14943136764424893492noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-113640555836314652013-01-27T10:06:39.022-05:002013-01-27T10:06:39.022-05:00As I have stated before, there are faults in Micha...As I have stated before, there are faults in Michal Kalecki's economic models, and the Kaleckians who followed thereafter in his name. Kalecki's acceptance of the limiting frequency approach to probability makes his models more restrictive than Keynes's. Keynes uses a Boole-derived "interval estimate approach" to probability, which is less restrictive and thus more general.<br /><br />http://www.amazon.com/review/RSC9MH6RF7ZZ0Blue Aurorahttps://www.blogger.com/profile/02044362251868221897noreply@blogger.com