Gibson's paradox
id:
gibson-s-paradox-272-4738306
title:
Gibson's paradox
text:
Gibson's paradox is the observation that the rate of interest and the general level of prices under the gold standard are positively correlated. It is named for British economist Alfred Herbert Gibson who noted the correlation in a 1923 article for Banker's Magazine. The correlation had been noted earlier by Thomas Tooke. The term was first used by John Maynard Keynes, in his 1930 work, A Treatise on Money. It was believed to be a paradox because most economic theorists predicted that the correl
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wiki
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encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Gibson%27s_paradox
date created:
date modified:
2023-06-26T10:53:55Z
main entity:
{"identifier":"Q5559264","url":"https://www.wikidata.org/entity/Q5559264"}
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13
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