Sraffa made a number of margin notes in chapter 17 in his copy of the General Theory .Contrary to Joan Robinson’s 1978 … claim ,that Sraffa had uncovered logical and mathematical errors in Keynes’s liquidity preference theory of the rate of … interest when he generalized his theory in chapter 17,the margin notes made by Sraffa are all erroneous .Sraffa’s margin notes …

Keynes’s theory is based on propositions, imprecise, Inexact, interval valued probability (or decision weights that are non …-additive), and deals with degrees of rational belief while Ramsey’s theory is based on actual events or outcomes, is precise and … preferences are linear.L J Savage’s important restriction, ignored by most all economists ,that his subjective theory of …

Keynes had successfully applied his theory of logical, imprecise probability in his Indian Currency and Finance(1913 … clearly shown by Keynes to be an interval valued theory of probability of upper and lower bounds. In January, 1922,an 18 year … probability with better epistemological foundations, while his theory was about inexact, imprecise, non additive interval valued …

Finance through the General Theory in 1936, always used his A Treatise on Probability method and methodology of inexact …,Keynes emphasizes that Townshend was correct in his conclusion that the entire concept of the liquidity preference theory of the rate of … and 240 of the General Theory. Of course, it is on these two pages that Keynes's makes the connection between uncertainty …

Probability and the concept of uncertainty in the General Theory both follow directly from Keynes's analysis and application of …

F. Y. Edgeworth made the only correct assessment of Keynes’s Logical Theory of Probability in his A Treatise on …’s claim, that he was the first to have put forth a detailed interval valued approach for a logical theory of probability, is …

A myth has been in existence since 1922 about Keynes, Ramsey and the logical theory of probability that Keynes … probabilities that could only be intuited. Keynes supposedly, according to this myth, instantly realized that his theory had been … decimated, annihilated and demolished by the 18 year old boy genius, Frank Ramsey. Keynes then supposedly retracted his theory …

misinterpreted and misrepresented Keynes's introductory analysis on interval valued probability as an ordinal theory of probability ….The result of this misinterpretation and misrepresentation of Keynes's decision theory can be seen in the response of public …