Gibson's paradox
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English[edit]
Etymology[edit]
First used by John Maynard Keynes in A Treatise on Money (1930). Named after British economist Arthur Herbert Gibson, who noted the correlation in a 1923 article for Banker's Magazine (though it had previously been noted by Thomas Tooke).
Proper noun[edit]
- (economics) The observation that the rate of interest and the general level of prices are positively correlated.
Translations[edit]
Translations
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