Gibson's paradoxとは 意味・読み方・使い方

固有名詞

Gibson's paradox

1. (economics) The observation that the rate of interest and the general level of prices are positively correlated.
   • [1930, John Maynard Keynes, “Historical Illustrations”, in A Treatise on Money […], volume II (The Applied Theory of Money), London: Macmillan and Co., […], →OCLC, book VI (The Rate of Investment and Its Fluctuations), page 198:

     For some years past Mr. A. H. Gibson has published a series of articles, mostly in the Bankers' Magazine, emphasising the extraordinarily close correlation over a period of more than a hundred years between the rate of interest, as measured by the yield of Consols, and the level of prices, as measured by the Wholesale Index-Number. […] [T]he extraordinary thing is that the "Gibson Paradox"—as we may fairly call it—is one of the most completely established empirical facts within the whole field of quantitative economics, though theoretical economists have mostly ignored it.]

Further reading

• Gibson's paradox on Wikipedia.Wikipedia