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GIBSON'S PARADOX

\ɡˈɪbsənz pˈaɹədˌɒks], \ɡˈɪbsənz pˈaɹədˌɒks], \ɡ_ˈɪ_b_s_ə_n_z p_ˈa_ɹ_ə_d_ˌɒ_k_s]\

Definitions of GIBSON'S PARADOX

1910 - Black's Law Dictionary (2nd edition)

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J.M. Keynes observed a correlation between interest rates and the general price level of gold economics. At that time in history the general view that had previously been held by economists was contrary to this observation.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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