William Stanley Jevons' misevaluated Adam Smith's contributions in the Wealth of Nations in 1881 by overlooking the originality of Smith's unique contributions to decision theory, his definition of uncertainty, and his application of the uncertainty versus risk distinction in Smith's analysis of...

Schumpeter misevaluated Adam Smith's contributions in the Wealth of Nations in his monumental History of Economic Analysis (1954) by overlooking the originality of Smith's unique contributions to decision theory, his definition of uncertainty, and his application of the uncertainty versus risk...

Richard E Braithwaite's Oct,1931 review article in Mind on Jefferys' work on probability also summarized what the current assessment of Keynes's A Treatise on Probability and logical theory of probability was. This assessment is based on a complete and total ignorance on Braithwaite's part about...

Ramsey's 1922 “review” of J M Keynes's A Treatise on Probability (1921) is an intellectual mess. Ramsey fails to score even one point against Keynes. It was most likely published because of Ramsey's alleged reputation as the “boy genius”. There are myriad errors in the review. For just...

Edgeworth's two reviews of the A Treatise on Probability, in Mind and The Journal of the Royal Statistical Society, demonstrated an understanding of many of the topics of Keynes' approach that was not achieved by any other reviewer, including the reviews made by B. Russell and C. D....

Wilson attempted to review the TP in 1923, but, lacking a knowledge of George Boole's interval valued approach to probability, upon which Keynes built his logical approach to probability, he failed completely to recognize what it was that Keynes was doing. He admitted this in the review. Without...

Adam Smith was the first economist or mathematician in history to present an explicit, detailed, interval estimate approach to probability in an application involving the economic analysis of occupational choice.In general, the expected value and/or expected utility (subjective expected utility)...

J M Keynes's wide ranging discussions of interval estimates and their application in chapter III of the A Treatise on Probability (TP,1921) was mistaken by Frank Ramsey to be a discussion of ordinal estimation in 1922 and 1926. Ramsey completely misunderstood how Keynes's logical theory of...