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from the A Treatise on Probability and confidence from Keynes’s General Theory, as well as Adam Smith’s views on …’s weight of the evidence concept in Keynes’s A Treatise on Probability and confidence concept from Keynes’s General Theory …
Persistent link: https://www.econbiz.de/10014115385
Keynes carefully and methodically devoted chapter nine of the General Theory to a detailed discussion of Virtue Ethics … which is related to Adam Smith’s discussion in The Theory of Moral Sentiments. Both Virtues and Vices were considered by … Theory of Moral Sentiments into the virtue of self command. Adam Smith’s and Keynes’s explicit use of an Aristotelian, Virtue …
Persistent link: https://www.econbiz.de/10014116889
only in the standard mathematical theory of probability. The crucial assumption for Ramsey was additivity. Of course …
Persistent link: https://www.econbiz.de/10014122608
the process to actually function, so that in the real world it is not instantaneous, with the mathematical theory of the … the General Theory were sound.D. Robertson ‘s confused attempts at critiquing Keynes's concepts of the logical theory of …
Persistent link: https://www.econbiz.de/10012909554
Joan Robinson had no idea about what Keynes was talking about in the General Theory with respect to (a) Keynes …, underemployment, involuntary unemployment), his Liquidity Preference Theory based on his equation on p.199 of the General Theory, his … uncertainty in the General Theory to support his Liquidity preference theory of the rate of interest which Keynes modelled in his …
Persistent link: https://www.econbiz.de/10012909585
assumption at both the micro and macro levels.It was impossible for Robertson to follow Keynes's theory, even though he …
Persistent link: https://www.econbiz.de/10012909828
Keynes's logical theory of probability was NOT the first explicit and detailed approach to logical probability. George …'s own logical theory was built on both the work of Boole and the work of William E. Johnson. This paper will deal with the … built his logical theory of probability and who were the scholars whom Keynes built his approach to logical probability on …
Persistent link: https://www.econbiz.de/10012845317
’s logical theory of probability is an imprecise theory of non additive probability based on intervals and dealing with rational … degrees of belief, whereas Ramsey’s theory is a precise theory of additive probability that deals with degrees of belief only …
Persistent link: https://www.econbiz.de/10014091376