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H. E. Kyburg never read beyond chapter 6 of Keynes’s A Treatise on Probability. From 1959 till his death in 2007, Kyburg continually based his assessment of Keynes’s accomplishments on pp. 30 and 34 of Chapter III of the A Treatise on Probability. Edgeworth’s careful and judicious reading...
Persistent link: https://www.econbiz.de/10014093334
F Y Edgeworth made the only correct assessment of Keynes’s Logical Theory of Probability, as presented in his A Treatise on Probability, among economists in the 100 years between 1921 and 2020. The reason is that he actually read the entire book with the exception of Part II, which he was able...
Persistent link: https://www.econbiz.de/10014093422
F. Y. Edgeworth made the only correct assessment of Keynes’s Logical Theory of Probability in his A Treatise on Probability among philosophers in the 100 years between 1921 and 2020. The reason is that he actually read the entire book, with the exception of Part II, which he was able to assess...
Persistent link: https://www.econbiz.de/10014093471
The myth, that R. Kahn developed the mathematical and logical theory of the multiplier and then taught J M Keynes about the technical and mathematical properties of the multiplier concept is a myth deeply inbedded in the economics profession.It then leads to another myth that without Kahn’s...
Persistent link: https://www.econbiz.de/10014093826
Aristotle's analysis of the misuse of money provided the fundamental analysis of the dangers caused by segments of the upper income class that Socrates characterized as sophistic and sycophantic. Socrates saw that the problem was that parts of the upper income class sought their political and...
Persistent link: https://www.econbiz.de/10014095351
By the time that Keynes’s logical theory of probability appeared in 1921 in his A Treatise on Probability (1921), Keynes had already used it in his Indian Currency and Finance,1913, personally at the Treaty of Versailles negotiations as the official representative of the British Treasury...
Persistent link: https://www.econbiz.de/10014095758
Clive Bell was an artist.There is no possible way that Clive Bell could have understood/advised Keynes about material appearing in his 1921 A Treatise on Probability or have had any understanding of the roles that intuition and perception played in Keynes’s logical theory of probability unless...
Persistent link: https://www.econbiz.de/10014095827
A myth has been in existence since 1922 about Keynes, Ramsey and the logical theory of probability that Keynes constructed in Parts I-V of the A Treatise on Probability, 1921.This myth claims that Ramsey found major errors in logic and epistemology in Keynes’s work, which supposedly was about...
Persistent link: https://www.econbiz.de/10014096035
Ramsey’s many ,many confusions and errors about Keynes’s logical theory of Probability all stem from his failure to a) read more than just the first four chapters of Keynes’s A Treatise on Probability(1921),b) his gross ignorance of Boole’s logical theory of probability that Keynes had...
Persistent link: https://www.econbiz.de/10014096423
The claim that Keynes’s non numerical probabilities are ordinal probabilities was shown to be mathematically impossible by Keynes himself in Part II in chapter 15 of the A Treatise on Probability(1921) on pp.160-163 and in chapter 17 on pp.186-194, since Keynes’s non numerical probabilities...
Persistent link: https://www.econbiz.de/10014097892