Keynes on uncertainty and tragic happiness : complexity and expectations /: complexity and expectations. (2021)

• Record Type: Book
• Further Information: Note: Anna M. Carabelli.
• Authors: Carabelli, Anna M
• Contents: 1. Introduction 2. Rationality as reasonableness: probability 2.1 Probability as reasonableness 2.2 Economic expectations Reasonable and conventional expectations Speculators' knowledge Ignorance and uncertainty 2.3 Reasonable economic policy. The reasonable justification of economic policy and intervention 2.4 Public institutions and limited knowledge Complexity and incommensurability: multidimensional, heterogeneous and interdependent magnitudes. Probability and economic magnitudes 3.1 Probability: measurement and comparison The hypothesis of homogeneity 3.2 Joint judgements: direct and organic judgements Joint judgements of probability and the 'weight or argument', Joint judgements of probability and goodness: right conduct 3.3 Keynes's philosophy of measurement: intrinsically incommensurable magnitudes 3.4 From probability to economic magnitudes The general price level Utility 3.5 Incommensurability due to heterogeneity in dimension 3.6 Keynes's choice of the units of quantities and measure in economics Units of time and comparison in time and space 3.7 The atomic hypothesis (the hypothesis of independence). Organic interdependence. Wholes and parts. 3.8 'Complex or manifold' economic magnitudes 4. The methodology of critique: probability and classical economic theory. Logical fallacies: tacit introduction of hypotheses of homogeneity and independence 4.1 The methodology of critique of probability in A Treatise on Probability 4.2. The methodology of critique of Classical economic theory Critique of premises Search for tacit assumptions Types of tacit assumptions Characteristics of tacit assumptions The limits set to tacit assumptions What Keynes meant by a 'General Theory' The logical flaw in Classical economic theory: ignoratio elenchi The epistemological role of tacit assumptions in classical economic theory 4.3 Keynes's own method of reasoning in The General Theory Uncertainty as Greek tragedy's legacy. Uncertainty as a tragic choice 5.1 Tragedy: main themes 5.2 Tragic moral dilemmas 5.3 Keynes's ethics of virtues 5.4 Pluralism and heterogeneity of ends and values 5.5 Irreducibility of heterogeneous plural ends and values: Keynes's pleasure, goodness and happiness Happiness as Aristotelian tragic eudaimonia 6.1 The 'fragility of goodness' 6.2 The Greek legacy of the ethics of virtues against utilitarianism 6.3 Aesthetics as sublime: 'tragic beauty'. Pluralism in aesthetics, the beautiful and sublime Moral and rational conflicts and dilemmas 7.1 Keynes on moral conflict and dilemmas 7.2 Keynes on rational conflict and dilemmas International relations: complexity, interdependence and multilateralism. A tragic dilemma 8.1 Indian Currency and Finance (1913) and The Economic Consequences of the Peace (1919) 8.2 The General Theory (1936) and international relations 8.3 The Commod Control Scheme (1938-42) 8.4 The interwar period: protection and trade as a means of exporting unemployment 8.5 The International Clearing Union, or on trade as exchange of goods against goods 8.6 Memorandum 'Overseas Financial Policy in Stage III' (1945) 8.7 Keynes, current global imbalances and the euro-zone project 9. Conclusions Bibliography Index.
• Publisher Details: Basingstoke : Palgrave Macmillan
• Publication Date: 2021
• Extent: 1 online resource
• Subjects: 330.156; Keynesian economics; Uncertainty
• Languages: English
• ISBNs: 9783030756659
• Related ISBNs: 9783030756642
• Notes: Note: Description based on CIP data; resource not viewed.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.