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


  • Joan O'Connell

    (Department of Economics, National University of Ireland, Galway)


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.

Suggested Citation

  • Joan O'Connell, 1996. "Uncertainty in the 'General Theory' and `A Treatise on Probability'," Working Papers 09, National University of Ireland Galway, Department of Economics, revised 1996.
  • Handle: RePEc:nig:wpaper:0009

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    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals


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