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This comment makes a response to one of several points made in Bill Gerrrard's (2023) criticisms of Bateman (2021) in particular, this comment clarifies Keynes's use of mathematical expectation in The General Theory (1936).
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This paper offers a re-interpretation of the relationship between Keynes’s A Treatise on Probability and the General Theory. Keynes’s thought on philosophy, probability and economics is viewed as a process of contextual evolution in which his thought evolved as its context changed,...
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