Gibson's paradox

English

Etymology

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

Gibson 's paradox

(economics) The observation that the rate of interest and the general level of prices are positively correlated.

Translations

Finnish: Gibsonin paradoksi
German: Gibson-Paradox n, Gibson-Paradoxon n
Polish: paradoks Giffena m

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