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The Economic Consequences of G L S Shackle's Ignorance of Keynes's Theory of Probability, Uncertainty, and Decision Making

Brady, Michael Emmett - 2017

Persistent link: https://www.econbiz.de/10012974099

A Study of Ramsey's Extremely Poor Reading of Chapter III of J. M. Keynes's A Treatise on Probability and the Refutations Made by J. M. Keynes and Bertrand Russell

Brady, Michael Emmett - 2014

Frank P Ramsey’s critique of Keynes’s logical Theory of Probability, presented in 1925 and published in 1930, is so …

Persistent link: https://www.econbiz.de/10014148510

Keynes, Mathematics and Probability : A Reappraisal

Brady, Michael Emmett - 2014

I will argue that when Keynes states that, in general, probabilities are not susceptible to numerical estimation, he is arguing that the probabilities, in general, can’t be represented by single number answers or point estimates. But they can be represented by intervals. Keynes’s general...

Persistent link: https://www.econbiz.de/10014178069

Re-Reading Keynes after the Crisis : Probability and Decision

Zappia, Carlo - 2012

individuals is the most relevant message conveyed by the General Theory. This paper starts off from a brief summary of Akerlof and … current proposals to amend mainstream decision theory, were already implicitly discussed by Keynes in his critique of …

Persistent link: https://www.econbiz.de/10014167980

Keynes's Non-Numerical Probabilities and Non-Additive Measures

Basili, Marcello; Zappia, Carlo - 2008

provides a novel account of Keynes's view of probability theory proposed in the Treatise on Probability. The paper shows, first … decision theory and can provide the foundations for a theory of decision making under uncertainty that is arguably more general … than subjective expected utility theory …

Persistent link: https://www.econbiz.de/10014211743

Epistemic Causality and Hard Uncertainty : A Keynesian Approach

Vercelli, Alessandro - 2002

contributions of Keynes. In particular it is argued that the systematic use of probabilistic causality in the General Theory is … deeply rooted into the theory of probabilistic causality outlined in the Treatise on Probability which is based on the …

Persistent link: https://www.econbiz.de/10014119275

Ramsey and Keynes Revisited

Gerrard, Bill - 2022

the implications for probability theory of Ramsey’s criticisms of Keynes’s concepts of logical probability-relations and … Ramsey’s adoption of the logical pragmatist philosophy of C. S. Peirce from 1924 onwards with a dispositional theory of …

Persistent link: https://www.econbiz.de/10014030457

Confirming Robinson's Statement? A Lakatosian Analysis of Keynes and his Immediate Orthodoxy

2013

), a Lakatosian concept, of Keynes in The General Theory of Employment, Interest and Money (TGT) with those of its …

Persistent link: https://www.econbiz.de/10013084582

Edmond Malinvaud’s Criticisms of the New Classical Economics : Restoring the Nature and the Rationale of the Old Keynesians’ Opposition

Renault, Matthieu - 2021

Unlike standard accounts, recent research in the history of macroeconomics has given increasing attention to the Old Keynesians’ criticisms of the New Classical Economics. In this paper, I address the case of Edmond Malinvaud, who began opposing the latter from the early 1980s and did so...

Persistent link: https://www.econbiz.de/10013249869

Chapter 18 of the General Theory 'Further Analysed' : The Theory of Economics as a Method

Carabelli, Anna - 2011

In 1987, Greenwald and Stiglitz accused Keynes's summary of the "General Theory" in chapter 18 of relying upon … cause and dependence used to discuss the relationships between independent and dependent variables of the "General Theory … the "General Theory." We thus characterize the latter as a vademecum to the complex economic world, the author providing …

Persistent link: https://www.econbiz.de/10013127664