Theory (1936). This is due to their failure to read both works in their entirety. Instead, they concentrate on the first … three chapters of Part I of the General Theory or the Treatise. This can be attributed to an “approach” to philosophy which …-additivity. His decision theory incorporates neoclassical decision theory as a special case …

Adam Smith’s The Theory of Moral Sentiments (1759) provided a general analysis of virtue ethics (prudence, temperance … that provided a general theory of decision making that applied to all aspects of society, and his General Theory (1936 …), which applied his general theory of decision making to one specific area, the area of macroeconomics, which was the study of …

Treatise on Probability and General Theory. Keynes favored using systems of simultaneous equations both in the A Treatise on … Probability and General Theory. A study of the student notes taken in the years from 1932 to 1935 alone will lead to the wrong …

explicit attack on Adam Smith’s The Theory of Moral Sentiments and The Wealth of Nations on pages 8-23 in chapter Two of The … on the principle of utility alone and nothing else.Smith’s The Theory of Moral Sentiments is based on sympathy ,but not … antipathy. However, the major foundation for The Theory of Moral Sentiments is the virtue of prudence, since ,without prudence …