By the time that Keynes’s logical theory of probability appeared in 1921 in his A Treatise on Probability (1921 …). Keynes was a millionaire by 1922. Keynes’s theory is an interval valued approach that can be applied in situations that …, w, is equal to, approaches, or is close to 1, 0≤w≤1, then Keynes’s theory reduces to the use of precise, exact …

.There is no support in any theory of probability for such beliefs. Heterodox economists are no better and make the same error …

., 1922, of Keynes’s A Treatise on Probability is comprised of claims about Keynes’s logical theory of probability that, to … belief for 100 years, that Ramsey not only destroyed and demolished Keynes’s logical theory of probability, but that Keynes … subjective theory of probability himself, calls into question the claims made by academics writing on Keynes that they are …

Sraffa made a number of margin notes in chapter 17 in his copy of the General Theory .Contrary to Joan Robinson’s 1978 … claim ,that Sraffa had uncovered logical and mathematical errors in Keynes’s liquidity preference theory of the rate of … interest when he generalized his theory in chapter 17,the margin notes made by Sraffa are all erroneous .Sraffa’s margin notes …

Keynes’s theory is based on propositions, imprecise, Inexact, interval valued probability (or decision weights that are non …-additive), and deals with degrees of rational belief while Ramsey’s theory is based on actual events or outcomes, is precise and … preferences are linear.L J Savage’s important restriction, ignored by most all economists ,that his subjective theory of …

Keynes had successfully applied his theory of logical, imprecise probability in his Indian Currency and Finance(1913 … clearly shown by Keynes to be an interval valued theory of probability of upper and lower bounds. In January, 1922,an 18 year … probability with better epistemological foundations, while his theory was about inexact, imprecise, non additive interval valued …

theory of imprecise probability in his A Treatise on Probability was to provide some interesting notions, intuitions, ideas …, suggestions, hints, or clues about imprecise probability, but that Keynes himself had never provided any worked out theory using … constructed an ordinal theory of comparative probability based on pp. 38-40 of chapter III of the A Treatise on Probability. There …

philosophy, when it comes to the question of understanding the meaning of Keynes ‘s logical theory of probability and his concept …