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KEYNES, RAMSEY, AND PRAGMATISM
In: Journal of the history of economic thought, Band 45, Heft 3, S. 384-398
ISSN: 1469-9656
In his recent paper in this journal, Bradley Bateman (2021) breaks with the "standard view" of Frank Ramsey's influence on Jahn Maynard Keynes and argues that Ramsey's pragmatist philosophical thought underpinned both Keynes's acceptance of Ramsey's subjective theory of probability and Keynes's adoption of a narrative theory of the role of confidence in economic fluctuations in the General Theory. In this paper it is argued that Bateman is right both in emphasizing the influence of Ramsey's pragmatist philosophy on Keynes's thought during the development of the General Theory and afterwards and in arguing that the influence of Ramsey's pragmatist philosophy partly explains Keynes's emphasis on the importance of the state of confidence in Chapter 12 of the General Theory. However, it is argued that Ramsey's pragmatist philosophy had a much greater influence on Keynes than acknowledged by Bateman. Furthermore, contra Bateman, Keynes's move to a more pragmatist philosophical position does not imply that Keynes accepted Ramsey's subjective theory of (measurable) probability.
Keynesian Pragmatism: The Human Logic of Uncertainty
In: Leeds University Business School Working Paper
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Keynes, Ramsey and Pragmatism
In: Leeds University Business School Working Paper Forthcoming
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The Road Less Travelled: Keynes and Knight on Probability and Uncertainty
In: Leeds University Business School Working Paper
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Ramsey and Keynes Revisited
In: Leeds University Business School Working Paper Forthcoming
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Team sports as a free‐market commodity
In: New political economy, Band 4, Heft 2, S. 273-278
ISSN: 1469-9923
Debate: THE POLITICAL ECONOMY OF SPORT - Team Sports as a Free-market Commodity
In: New political economy, Band 4, Heft 2, S. 273-277
ISSN: 1356-3467
Competing schools of thought in macroeconomics ‐ an ever‐emerging consensus?
In: Journal of economic studies, Band 23, Heft 1, S. 53-69
ISSN: 1758-7387
Using recent literature, examines developments in seven macroeconomic schools of thought: orthodox Keynesian, monetarist, new classical, real business cycle theory, new Keynesian, Austrian and post‐Keynesian. Describes all of these and classifies them as orthodox, new or radical. After setting out the differences, discusses the degree of agreement between the schools of thought. Concludes that macroeconomics is constantly evolving, resulting in new disagreements requiring a new consensus.
THE SCIENTIFIC BASIS OF ECONOMICS: A REVIEW OF THE METHODOLOGICAL DEBATES IN ECONOMICS AND ECONOMETRICS
In: Scottish journal of political economy: the journal of the Scottish Economic Society, Band 42, Heft 2, S. 221-235
ISSN: 1467-9485
Keynes, The Keynesians and the Classics: A Suggested Interpretation
In: The Economic Journal, Band 105, Heft 429, S. 445
Beyond Rational Expectations: A Constructive Interpretation of Keynes's Analysis of Behaviour Under Uncertainty
In: The Economic Journal, Band 104, Heft 423, S. 327
Victoria Chick, On Money, Method and Keynes (Selected Essays), (edited by Philip Arestis and Sheila C. Dow), London
In: Scottish journal of political economy: the journal of the Scottish Economic Society, Band 40, Heft 2, S. 234-236
ISSN: 1467-9485
Book Reviews
In: Economic Analysis and Policy, Band 23, Heft 1, S. 94-95
Keynes's General Theory: Interpreting the Interpretations
In: The Economic Journal, Band 101, Heft 405, S. 276