Uncertainty in the 'General Theory' and `A Treatise on Probability'

Joan O'Connell
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Joan O'Connell: Department of Economics, National University of Ireland, Galway

No 9, Working Papers from National University of Ireland Galway, Department of Economics

Abstract: This paper is concerned with the relationship between Keynes's theory of probability and his later work on macroeconomics. It suggests that while the General Theory deal again with the subject of the Treatise on Probability, information and uncertainty, Keyenes's treament of this matter in the later work was influenced by Knight, rather than his own earlier views.

JEL-codes: B31 (search for similar items in EconPapers)
Pages: 13
Date: 1996, Revised 1996
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