two major points made by Keynes in the General Theory. First, Utilitarianism, of whatever type, collapses if either the …J. M. Keynes based the ethical foundations of the General Theory on a type of Virtue Ethics that he had learned from G … estimates for the utility value. Utilitarianism can only work, then, if the future is risky. Utilitarianism can NEVER work if …

explicit attack on Adam Smith’s The Theory of Moral Sentiments and The Wealth of Nations on pages 8-23 in chapter Two of The … on the principle of utility alone and nothing else.Smith’s The Theory of Moral Sentiments is based on sympathy ,but not … antipathy. However, the major foundation for The Theory of Moral Sentiments is the virtue of prudence, since ,without prudence …

forward in both The Theory of Moral Sentiments and The Wealth of Nations. Self interest is prudent behavior. Prudent behavior …

aggregate income ,Y, in order to support the existing classical (neoclassical ) theory of the rate of interest in (r;I,S ) space …, is very similar to Pigou's assumption of ceteris paribus in his 1933 The Theory of Unemployment, so that he could apply … his Marshallian apparatus of partial equilibrium. Keynes's main point in the appendix to Chapter 19 of his General Theory …

the imprecise theory of probability long before Koopman's work in 1940 or the work of I. J. Good, C. Smith ,or H.E. Kyburg …