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G.L.S. Shackle
George Lennox Sharman Shackle (14 July 1903 – 3 March 1992) was an English economist. He made a practical attempt to challenge classical rational choice theory and has been characterised as a "post-Keynesian", though he is influenced as well by Austrian economics. Much of his work is associated with the Dempster–Shafer theory of evidence. Life He was born in Cambridge, son of Robert Walker Shackle (1851-1934), a mathematics-teacher father who had coached John Maynard Keynes to an Eton scholarship, and Fanny Sharman (1865-1936). Shackle attended The Perse School but his parents could not afford to support him through university so he started work as a bank clerk. Later becoming a teacher, he studied in his own time for a University of London BA degree which he took in 1931. He started work on a PhD under the supervision of Friedrich Hayek at the LSE but switched to an interpretation of Keynes's ''General Theory of Employment, Interest and Money''. He obtained his doctorate in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Post-Keynesian Economics
Post-Keynesian economics is a Schools of economic thought, school of economic thought with its origins in ''The General Theory of Employment, Interest and Money, The General Theory'' of John Maynard Keynes, with subsequent development influenced to a large degree by Michał Kalecki, Joan Robinson, Nicholas Kaldor, Sidney Weintraub (economist born 1914), Sidney Weintraub, Paul Davidson (economist), Paul Davidson, Piero Sraffa, Jan Kregel and Marc Lavoie. Historian Robert Skidelsky, Baron Skidelsky, Robert Skidelsky argues that the post-Keynesian school has remained closest to the spirit of Keynes' original work. It is a heterodox approach to economics based on a non-equilibrium economics, non-equilibrium approach. Introduction The term "post-Keynesian" was first used to refer to a distinct school of economic thought by Alfred Eichner, Eichner and Kregel (1975) and by the establishment of the ''Journal of Post Keynesian Economics'' in 1978. Prior to 1975, and occasionally in more ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Winston Churchill
Sir Winston Leonard Spencer Churchill (30 November 1874 – 24 January 1965) was a British statesman, military officer, and writer who was Prime Minister of the United Kingdom from 1940 to 1945 (Winston Churchill in the Second World War, during the Second World War) and again from 1951 to 1955. For some 62 of the years between 1900 and 1964, he was a Member of Parliament (United Kingdom), member of parliament (MP) and represented a total of five Constituencies of the Parliament of the United Kingdom, constituencies over that time. Ideologically an adherent to economic liberalism and imperialism, he was for most of his career a member of the Conservative Party (UK), Conservative Party, which he led from 1940 to 1955. He was a member of the Liberal Party (UK), Liberal Party from 1904 to 1924. Of mixed English and American parentage, Churchill was born in Oxfordshire into the wealthy, aristocratic Spencer family. He joined the British Army in 1895 and saw action in British R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Probability Theory
Probability theory or probability calculus is the branch of mathematics concerned with probability. Although there are several different probability interpretations, probability theory treats the concept in a rigorous mathematical manner by expressing it through a set of axioms of probability, axioms. Typically these axioms formalise probability in terms of a probability space, which assigns a measure (mathematics), measure taking values between 0 and 1, termed the probability measure, to a set of outcomes called the sample space. Any specified subset of the sample space is called an event (probability theory), event. Central subjects in probability theory include discrete and continuous random variables, probability distributions, and stochastic processes (which provide mathematical abstractions of determinism, non-deterministic or uncertain processes or measured Quantity, quantities that may either be single occurrences or evolve over time in a random fashion). Although it is no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Imagination
Imagination is the production of sensations, feelings and thoughts informing oneself. These experiences can be re-creations of past experiences, such as vivid memories with imagined changes, or completely invented and possibly fantastic scenes. Imagination helps apply knowledge to solve problems and is fundamental to integrating experience and the learning process. Imagination is the process of developing theories and ideas based on the functioning of the mind through a creative division. Drawing from actual perceptions, imagination employs intricate conditional processes that engage both semantic and episodic memory to generate new or refined ideas. This part of the mind helps develop better and easier ways to accomplish tasks, whether old or new. A way to train imagination is by listening to and practicing storytelling (narrative), wherein imagination is expressed through stories and writings such as fairy tales, fantasies, and science fiction. When children develop their i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The General Theory Of Employment, Interest And Money
''The General Theory of Employment, Interest and Money'' is a book by English economist John Maynard Keynes published in February 1936. It caused a profound shift in economic thought, giving macroeconomics a central place in economic theory and contributing much of its terminology – the "Keynesian Revolution". It had equally powerful consequences in economic policy, being interpreted as providing theoretical support for government spending in general, and for budgetary deficits, monetary intervention and counter-cyclical policies in particular. It is pervaded with an air of mistrust for the rationality of free-market decision-making. Keynes denied that an economy would automatically adapt to provide full employment even in equilibrium, and believed that the volatile and ungovernable psychology of markets would lead to periodic booms and crises. The ''General Theory'' is a sustained attack on the classical economics orthodoxy of its time. It introduced the concepts of the consu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Probability
Probability is a branch of mathematics and statistics concerning events and numerical descriptions of how likely they are to occur. The probability of an event is a number between 0 and 1; the larger the probability, the more likely an event is to occur."Kendall's Advanced Theory of Statistics, Volume 1: Distribution Theory", Alan Stuart and Keith Ord, 6th ed., (2009), .William Feller, ''An Introduction to Probability Theory and Its Applications'', vol. 1, 3rd ed., (1968), Wiley, . This number is often expressed as a percentage (%), ranging from 0% to 100%. A simple example is the tossing of a fair (unbiased) coin. Since the coin is fair, the two outcomes ("heads" and "tails") are both equally probable; the probability of "heads" equals the probability of "tails"; and since no other outcomes are possible, the probability of either "heads" or "tails" is 1/2 (which could also be written as 0.5 or 50%). These concepts have been given an axiomatic mathematical formaliza ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gunnar Myrdal
Karl Gunnar Myrdal ( ; ; 6 December 1898 – 17 May 1987) was a Swedish economist and sociologist. In 1974, he received the Nobel Memorial Prize in Economic Sciences along with Friedrich Hayek for "their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena." When his wife, Alva Myrdal, received the Nobel Peace Prize in 1982, they became the Nobel Prize#Statistics, fourth ever married couple to have won Nobel Prizes, and the first and only to win independent of each other (versus a shared Nobel Prize by scientist spouses). Myrdal is best known in the United States for his study of race relations, which culminated in his book ''An American Dilemma: The Negro Problem and Modern Democracy''. The study was influential in the 1954 landmark U.S. Supreme Court decision ''Brown v. Board of Education''. In Sweden, his work and political influence were important to the estab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Liverpool
The University of Liverpool (abbreviated UOL) is a Public university, public research university in Liverpool, England. Founded in 1881 as University College Liverpool, Victoria University (United Kingdom), Victoria University, it received Royal Charter by Edward VII, King Edward VII in 1903 attaining the decree to award degrees independently. The university withholds and operates assets on the National Heritage List for England, National Heritage List, such as the Liverpool Royal Infirmary (origins in 1749), the Ness Botanic Gardens, and the Victoria Gallery & Museum. Organised into three faculties divided by 35 schools and departments, the university offers more than 230 first degree courses across 103 subjects. It is a founding member of the Russell Group, and the research intensive association of universities in Northern England, the N8 Group. The phrase ''"redbrick university"'' was inspired by the Victoria Building, University of Liverpool, Victoria Building, thus, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brunner Professor Of Economics
Three chairs at the University of Liverpool were endowed by local industrialist Sir John Brunner, 1st Baronet: the Brunner Professorship of Economic Science, the Brunner Professorship of Egyptology, and the Brunner Professorship of Physical Chemistry. List of Brunner Professors of Economic Science The Brunner Professorship of Economic Science is a chair in economics. It was established in 1891 by John Tomlinson Brunner, the chemical industrialist and Liberal MP for Northwich. Brunner's son Sidney had been a student at University College Liverpool at the time of his death in 1890. After correspondence with Willam Rathbone, Brunner founded the chair in memory of both his son and his father, the Swiss-born Unitarian schoolmaster John Brunner (born 1800). * 1891 to 1922: E. C. K. Gonner * 1930 to 1932: John Rotherford Bellerby * 1933 to 1947: George Cyril Allen * 1947 to 1950: Phillip Barrett Whale * 1951 to 1969: G. L. S. Shackle * 1970 to 1979: George Henry Peters * 1980 to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Leeds
The University of Leeds is a public research university in Leeds, West Yorkshire, England. It was established in 1874 as the Yorkshire College of Science. In 1884, it merged with the Leeds School of Medicine (established 1831) and was renamed Yorkshire College. It became part of the federal Victoria University (UK), Victoria University in 1887, joining Owens College (which became the University of Manchester) and University College Liverpool (which became the University of Liverpool).Charlton, H. B. (1951) ''Portrait of a University''. Manchester: U. P.; chap. IV In 1904, a royal charter was granted to the University of Leeds by Edward VII, King Edward VII. Leeds is the list of universities in the United Kingdom by enrolment, tenth-largest university in the United Kingdom by total enrolment and receives over 68,000 undergraduate applications per year, making it the fourth-most popular university (behind University of Manchester, Manchester, University College London and King's C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Meade
James Edward Meade FBA (23 June 1907 – 22 December 1995) was a British economist who made major contributions to the theory of international trade and welfare economics. Along with Richard Kahn, James Meade helped develop the concept of the Keynesian multiplier while participating in the Cambridge circus. In the 1930s, he served as specialist adviser on behalf of the British government at the Economic and Financial Organization of the League of Nations. Born in Swanage, Meade was brought up in Bath, and educated at Lambrook prep school, Malvern College, and Oriel College, Oxford, where he initially read classics, before switching (in 1928) to the newly-established course in philosophy, politics, and economics. He was elected a Fellow of Hertford College, Oxford in 1930, and was a lecturer in economics at Oxford from 1931 to 1937.https://www.thebritishacademy.ac.uk/documents/1436/105p473.pdf (Atkinson and Weale 2000) During the Second World War, he was recalled to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cabinet Office
The Cabinet Office is a Departments of the Government of the United Kingdom, ministerial department of the Government of the United Kingdom. It is responsible for supporting the Prime Minister of the United Kingdom, prime minister and Cabinet of the United Kingdom, Cabinet. It is composed of various units that support United Kingdom cabinet committee, Cabinet committees and coordinate the delivery of government objectives via other departments. it had over 10,200 staff, mostly civil servants, some of whom work in Whitehall. Staff working in the British Prime Minister's Office, Prime Minister's Office are part of the Cabinet Office. Responsibilities The Cabinet Office's core functions are: * Supporting collective government, helping to ensure the effective development, coordination, and implementation of policy; * Supporting the National Security Council and the Joint Intelligence Organisation, coordinating the government's response to crises, and managing the UK's cyber securi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
