Keynes’s Methodology of Criticism: Probability and Classical Economic Theory. Logical Fallacies: The Introduction of the Tacit Assumptions of Homogeneity and Independence

Anna M. Carabelli ()
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Anna M. Carabelli: University of Eastern Piedmont Amedeo Avogadro

Chapter Chapter 4 in Keynes on Uncertainty and Tragic Happiness, 2021, pp 75-96 from Palgrave Macmillan

Abstract: Abstract This chapter deals with Keynes’s actual way of criticising the classical economic theory compared with his own way of reasoning in A Treatise on Money and the General Theory. This chapter shows the persistence, continuity and coherence of Keynes’s methodological approach in the search for logical fallacies and tacit assumptions. He constantly detects logical fallacies and paradoxes both in probability and in economic reasoning (the additive fallacy, the fallacy of composition).

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-3-030-75665-9_4

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DOI: 10.1007/978-3-030-75665-9_4

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