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5 - Yielding to Ramsey

Probability Revisited

Published online by Cambridge University Press:  04 November 2022

Peter Clarke
Affiliation:
University of Cambridge
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Summary

In little more than a couple of years (1919–22) Keynes published three books that contrasted not only in style but in substance when they addressed a common theme: the nature of truth. Thus in the Economic Consequences he proposed a ‘ruthless truth-telling’ about what had happened in Paris. When his intimidating academic tome A Treatise on Probability was finally published in 1921, it offered a defence of objective perception. A few months later, A Revision of the Treaty suggested that truth in politics was little more than a prejudice that might be at odds with practical good. The first part of this chapter explores how Keynes sought to reconcile such views, especially under the criticism of the brilliant young Cambridge mathematician Frank Ramsey, whose insights continue to excite attention today. How far Keynes ‘yielded’ to Ramsey’s view is thus a central issue.

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Keynes in Action
Truth and Expediency in Public Policy
, pp. 120 - 136
Publisher: Cambridge University Press
Print publication year: 2022

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  • Yielding to Ramsey
  • Peter Clarke, University of Cambridge
  • Book: Keynes in Action
  • Online publication: 04 November 2022
  • Chapter DOI: https://doi.org/10.1017/9781009255028.006
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  • Yielding to Ramsey
  • Peter Clarke, University of Cambridge
  • Book: Keynes in Action
  • Online publication: 04 November 2022
  • Chapter DOI: https://doi.org/10.1017/9781009255028.006
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Yielding to Ramsey
  • Peter Clarke, University of Cambridge
  • Book: Keynes in Action
  • Online publication: 04 November 2022
  • Chapter DOI: https://doi.org/10.1017/9781009255028.006
Available formats
×