John Maynard Keynes: A Biography, Volume 2This second volume after "Maynard Keynes" takes up the story from 1921. World War I had destroyed the essential props of the international economic and political system. There would be no sustained recovery, but a run-up to world depression, totalitarianism and another world war. |
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Page 59
... probability relation is ' unique and objective ' : everyone similarly equipped in these respects would perceive the same probability , would draw the same conclusion and should act on the same hypothesis . Keynes thought of his theory ...
... probability relation is ' unique and objective ' : everyone similarly equipped in these respects would perceive the same probability , would draw the same conclusion and should act on the same hypothesis . Keynes thought of his theory ...
Page 60
... probabilities when we don't have frequencies ; and , even when we have frequencies , all we know for certain is that there is a probability of the conclusion being right : probability begins and ends with probability . Thus Keynes's ...
... probabilities when we don't have frequencies ; and , even when we have frequencies , all we know for certain is that there is a probability of the conclusion being right : probability begins and ends with probability . Thus Keynes's ...
Page 78
... probability do not depend on experience . When we toss a coin , heads and tails are judged equally likely without our necessarily knowing that they had occurred in that ratio on past trials . How do we know that the probability of heads ...
... probability do not depend on experience . When we toss a coin , heads and tails are judged equally likely without our necessarily knowing that they had occurred in that ratio on past trials . How do we know that the probability of heads ...
Contents
What Is One to Do with Ones Brains? xxxi | 1 |
THE TRANSITION TO PEACE | 31 |
KEYNESS PHILOSOPHY OF PRACTICE | 56 |
Copyright | |
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adjustment April argument ballet Bank of England bank rate believe Bloomsbury Britain British Cambridge capital cent chapter classical Committee consumption currency Dadie Rylands deflation Dennis Robertson depression Duncan Grant economists equilibrium exchange exports Falk finance fluctuations friends full employment German gold standard Harrod Hawtrey Hayek Henderson Ibid ideas income increase industry inflation influence intellectual interest rate JMK's Joan Robinson John Maynard Keynes Kahn Keynes wrote Keynes's Keynes's theory Keynesian Keynesian Revolution King's Labour lectures letter Liberal Lloyd George logic London Lydia Lydia Lopokova Lytton Strachey ment Milo Keynes mind money wages Montagu Norman Nation never November October output Party Pigou political pre-war price level probability problem production profits rate of interest real wage reduce reparations Richard Kahn Robertson saving and investment slump social stabilisation started Strachey thought Tilton trade Treasury Treatise on Money Vanessa Virginia Woolf