Gibson's paradox

== English == === Etymology === Coined by the British economist John Maynard Keynes (1883–1946) in A Treatise on Money (1930; see the quotation), after the British economist Arthur Herbert Gibson, who noted the correlation in a series of articles for Bankers’ Magazine, particularly in its January 1923 and November 1926 issues (though it had previously been noted by the English economist Thomas Tooke (1774–1858)). === Proper noun === Gibson's paradox (economics) The observation that the rate of interest and the general level of prices are positively correlated. ==== Translations ==== === Further reading === Gibson's paradox on Wikipedia.Wikipedia