Overview
- Provides rare insight into the philosophical foundations of Keynes’ work
- Highlights commonality within different periods of Keynes’ career
- Explores the ideas that influenced Keynes’ writing and economic theories
Part of the book series: Palgrave Studies in the History of Economic Thought (PHET)
Access this book
Tax calculation will be finalised at checkout
Other ways to access
About this book
Most economists who read the General Theory candidly admitted that they could not understand the theoretical apparatus and found it easy to recast it in traditional terms. This book provides a masterful guide to the generally unrecognized methodological revolution that supported the new theoretical concepts -- a veritable lodestone that complements and expands understanding on the treatment of the economic magnitudes appropriate to the ideal of generality in the social sciences, to the applicability of probability, to the formulation of decision-making under uncertainty, and the foundations of economic policy in interdependent economic systems. _Jan Kregel, Levy Economics Institute
Anna Carabelli sets out Keynes’s understanding of economics as a way of thinking, encompassing method and morals, rather than as a doctrine. She does so with her customary admirable scholarship and also her willingness to take controversial positions. I commend the volume most highly to Keynes scholars as a drawing-together and development of the themes that Carabelli has pursued since the publication of her 1988 classic, On Keynes’s Method. Further Keynes’s approach was designed to be applied to different contexts, so I enthusiastically recommend the volume also as a foundation and guide for anyone open to such a ‘new way of reasoning in economics’ for the modern era. _Sheila Dow, University of Stirling
This book examines the philosophy and methodology of Keynes, highlighting its novelty and how it presented a new form of economic reasoning. Exploring Keynes’s use of non-demonstrative logic, based onprobability, commonalities are found in his economics, ethics, aesthetics, and international relations. Insights are provided into his reasoning and his approach to uncertainty, rationality, measurability of complex magnitudes, moral and rational dilemmas, and irreducible conflicts.
This book investigates methodological continuity within Keynes’s work, in particular in relation to uncertainty, complexity, incommensurability, happiness and openness. It will be relevant to students and researchers interested in Keynes, probability, ambiguity, ethics and the history of economic thought.
Similar content being viewed by others
Keywords
Table of contents (9 chapters)
-
Front Matter
-
Back Matter
Authors and Affiliations
About the author
Anna M. Carabelli is Professor of Political Economy at the University of Eastern Piedmont, Italy.
Bibliographic Information
Book Title: Keynes on Uncertainty and Tragic Happiness
Book Subtitle: Complexity and Expectations
Authors: Anna M. Carabelli
Series Title: Palgrave Studies in the History of Economic Thought
DOI: https://doi.org/10.1007/978-3-030-75665-9
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
Hardcover ISBN: 978-3-030-75664-2Published: 24 July 2021
eBook ISBN: 978-3-030-75665-9Published: 23 July 2021
Series ISSN: 2662-6578
Series E-ISSN: 2662-6586
Edition Number: 1
Number of Pages: VII, 182
Number of Illustrations: 2 b/w illustrations, 1 illustrations in colour
Topics: History of Economic Thought/Methodology, Political Economy/Economic Systems, Economic Policy