Titlebook: Inflation, Open Economies and Resources; The Collected Writin Paul Davidson,Louise Davidson Book 1991 Paul Davidson 1991 financial markets.

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Rational Expectations: a Fallacious Foundation for Studying Crucial Decision Making Processese that these rational expectations generate efficient, unbiased forecasts which do not display any persistent errors when compared to the actual outcome over time, REH theorists assume that information . and is available for processing by all decision makers. This information, consisting primarily o

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User Costcost as an expectational variable, Keynes hoped to bring the existing unrealistic economic theory back ‘to reality’ (Keynes, 1936, p. 146). Keynes believed that the concept of user cost had ‘an importance … for the theory of value which had been overlooked’ (Keynes, 1936, p. 66).

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Paul Davidsonmputer (alarm recording). It allows to record and store information about the instantaneous values ​​of currents and voltages in three phases of all lines suitable for the substation. Further processing of instantaneous values, performed by the device—analyzer of fixed alarms, gives the desired set

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Paul Davidsonproperties of wave propagation phenomena and, in particular, for the constant coefficient wave equation. We develop the so-called discrete approach. In other words, we analyze to which extent the semidiscrete or fully discrete dynamics arising when discretizing the wave equation by means of the most

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A Discussion of Leijonhufvud’s foundation for his macroeconomics, and therefore the continuing delusive search by our profession to find a ‘new microfoundation’ which was compatible with Keynes’s underemployment equilibrium phenomenon. This might, in part, explain why we were meeting here thirty-nine years after ..

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