IDEAS home Printed from https://ideas.repec.org/h/pal/pshchp/978-3-030-75665-9_2.html
   My bibliography  Save this book chapter

Rationality as Reasonableness: Probability

In: Keynes on Uncertainty and Tragic Happiness

Author

Listed:
  • Anna M. Carabelli

    (University of Eastern Piedmont Amedeo Avogadro)

Abstract

This chapter deals with Keynes’s concept of rationality as reasonableness, with his idea of speculation and the instability of financial markets. It deals with Keynes’s distinction between reasonableness and conventions in chapter 12 of the GT and in his 1937 Quarterly Journal of Economics article. It also deals with Keynes’s view on economic policy and the way institutions (a concept of institutions that is different from Hayek’s own view) should face uncertainty. It explains how Keynes’s view on the knowledge of institutions is opposite to Hayek’s view on economic policy of laissez-faire and non-intervention.

Suggested Citation

  • Anna M. Carabelli, 2021. "Rationality as Reasonableness: Probability," Palgrave Studies in the History of Economic Thought, in: Keynes on Uncertainty and Tragic Happiness, chapter 0, pages 13-30, Palgrave Macmillan.
    • Handle: RePEc:pal:pshchp:978-3-030-75665-9_2
    DOI: 10.1007/978-3-030-75665-9_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:pshchp:978-3-030-75665-9_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.