W. STARK, J. M. KEYNES, AND THE MERCANTILISTS

On J . M . Keynes ' “ The Principal Averages and the Laws of Error which Lead to Them ” - Refinement and Generalisation

Keynes (1911) derived general forms of probability density functions for which the “most probable value” is given by the arithmetic mean, the geometric mean, the harmonic mean, or the median. His approach was based on indirect (i.e., posterior) distributions and used a constant prior distribution for the parameter of interest. It was therefore equivalent to maximum likelihood (ML) estimation, t...

Pasinetti, Keynes and the Multiplier

This paper explores the relationship between the Keynesian multiplier and Pasinetti’s model of pure production. Key assumptions of Pasinetti’s model are its multisectoral structure, the definition of all income as a reward to labouring activities and, as a consequence, the operation of a pure labour theory of value. A translation between these models is effected by introducing investment as an ...

Multiple Parton Interactions in Z + 4 j , W ± W ± + 0 / 2 j and W + W − + 2 j production at the LHC

The Role of Exoprotease by J. Mandelstam and W. M. Waites

1. Intracellular turnover of protein was measured in wild-type Bacillus 8ubtilis, which produces exoprotease at stage I in the sporulation process. Protein is degraded at a rate of 8-10%/hr. 2. As a result of this turnover, the proteins of the mother cell are extensively degraded and resynthesized by about 6hr., so that the later stages of spore formation occur in a cytoplasm containing mainly ...

Dr J. W. Ballantyne