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Keynes’s probability: An introduction to the theory of logical groups


  • Strati, Francesco


The present work is intended to be an informal introduction to the theory of abstract logi- cal groups. This particular formalization stems from some concepts of abstract algebra and the Johnson-Keynes’s theory of groups. Therefore the aim of this paper is that of provide the readers with the logical reasoning behind this brand new theory. I shall depict the philosophical notions as bases of the Keynes’s probability and then I shall explain it in terms of group. Furthermore we shall see, albeit roughly, a first definition of abstract groups.

Suggested Citation

  • Strati, Francesco, 2012. "Keynes’s probability: An introduction to the theory of logical groups," MPRA Paper 42557, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:42557

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    References listed on IDEAS

    1. Roubini, Nouriel & Sachs, Jeffrey D., 1989. "Political and economic determinants of budget deficits in the industrial democracies," European Economic Review, Elsevier, vol. 33(5), pages 903-933, May.
    2. António Afonso & João Tovar Jalles, 2012. "Fiscal volatility, financial crises and growth," Applied Economics Letters, Taylor & Francis Journals, vol. 19(18), pages 1821-1826, December.
    3. Castro, Vítor, 2007. "The Causes of Excessive Deficits in The European Union," The Warwick Economics Research Paper Series (TWERPS) 805, University of Warwick, Department of Economics.
    4. Afonso, António & Furceri, Davide, 2010. "Government size, composition, volatility and economic growth," European Journal of Political Economy, Elsevier, vol. 26(4), pages 517-532, December.
    5. Luca Agnello & Ricardo M. Sousa, 2009. "The Determinants of Public Deficit Volatility," NIPE Working Papers 11/2009, NIPE - Universidade do Minho.
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    Cited by:

    1. Strati, Francesco, 2012. "On Keynes's Z-function," MPRA Paper 42918, University Library of Munich, Germany.

    More about this item


    Abstract algebraic logic; Keynes’s probability;

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
    • B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

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