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In trying to assess the content and significance of Keynes's attempted revolution in economic methodology, historians have almost exclusively focused on the <italic>General Theory</italic>. By highlighting the legacy of the <italic>Treatise on Probability</italic> for Keynes's economic writings, this article provides evidence of...
Persistent link: https://www.econbiz.de/10011104753
<title>Abstract</title>A basic presupposition of the rediscovery, in the times of the crisis, of chapter 12 of the <italic>General Theory</italic> is that Keynes's treatment of financial markets, and particularly the use of the notion of convention, represents a crucial novelty in both his economics and philosophy. The article...
Persistent link: https://www.econbiz.de/10010975900
In one of the most famous passages of the economic literature, John Maynard Keynes likens the stock market to a beauty contest (BC), in which the winners are those who anticipate the average opinion. In behavioural economics there have recently been attempts at investigating the BC...
Persistent link: https://www.econbiz.de/10009219641
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