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This definitive edition contains all Keynes's published writings, including less accessible articles and letters to the press, as well as previously unpublished speeches, government memoranda and minutes, drafts and economic correspondence. No other writer in this century has done more than Maynard Keynes to change the ways in which economics is taught written. No other economist has done more to change the ways in which nations conduct their economic and financial affairs. The Collected Writings are indispensable to all economists. They are a vital reference work for students, academics and professionals alike.
A Treatise on Probability by John Maynard Keynes Pdf
There is, first of all, the distinction between that part of our belief which is rational and that part which is not. If a man believes something for a reason which is preposterous or for no reason at all, and what he believes turns out to be true for some reason not known to him, he cannot be said to believe it rationally, although he believes it and it is in fact true. On the other hand, a man may rationally believe a proposition to be probable, when it is in fact false. -from Chapter II: Probability in Relation to the Theory of Knowledge" His fame as an economist aside, John Maynard Keynes may be best remembered for saying, "In the long run, we are all dead." That phrase may well be the most succinct expression of the theory of probability every uttered. For a longer explanation of the premise that underlies much of modern mathematics and science, Keynes's A Treatise on Probability is essential reading. First published in 1920, this is the foundational work of probability theory, which helped establish the author's enormous influence on modern economic and even political theories. Exploring aspects of randomness and chance, inductive reasoning and logical statistics, this is a work that belongs in the library of any interested in numbers and their application in the real world. AUTHOR BIO: British economist JOHN MAYNARD KEYNES (1883-1946) also wrote The Economic Consequences of the Peace (1919), The End of Laissez-Faire (1926), The Means to Prosperity (1933), and General Theory of Employment, Interest and Money (1936).
2011 Reprint of 1930 Two Volume American Edition. Complete. Two volumes bound into one. Volume One: "The Pure Theory of Money." Volume Two: "The Applied Theory of Money." Full facsimile of the original edition, not reproduced with Optical Recognition Software. Volumes One and Two of Keynes' classic work published in a handy one volume format. Exact facsimile of the original Edition. Keynes had begun a theoretical work to examine the relationship between unemployment, money and prices back in the 1920s. The work was originally published in 1930 in two volumes. We reproduce this two volume edition in one volume. A central idea of the work was that if the amount of money being saved exceeds the amount being invested - which can happen if interest rates are too high - then unemployment will rise. This is in part a result of people not wanting to spend too high a proportion of what employers pay out, making it difficult, in aggregate, for employers to make a profit.