Preview

Voprosy Ekonomiki

Advanced search
Open Access Open Access  Restricted Access Subscription Access

Uncertainty, Probability, Ethics: J. m. Keynes, l. mises, and f. Knight

https://doi.org/10.32609/0042-8736-2013-10-47-65

Abstract

The paper aims at tracing the connections between the ideas of Keynes, Knight and Mises on uncertainty and probability. It also studies the links between their economic ideas, ethical presuppositions, and practical implications they drew from their respective theories. Both similarities and differences are found, influenced for the large part by the context of dealing with the problems discussed.

About the Author

N. Makasheva
National Research University Higher School of Economics (Moscow, Russia)
Russian Federation


References

1. Ananyin O. (2008). The Art of Economics and/or Applied Economics // Ananyin O. (ed.). Economics as Art. Moscow: Nauka.

2. Keynes J. M. (2001 [1926]). The End of Laissez-Faire // Istoki. Iss. 3. Moscow: HSE Publ. P. 260—279.

3. Keynes J. M. (2007). The General Theory of Employment, Interest and Money. Selections. Moscow: Eksmo.

4. Locke J. (1985). An Essay Concerning Human Understanding // Collected Works. In 3 vols. Vol. 2. Moscow: Mysl.

5. Mises L. (2000). Human Action. A Treatise on Economics. Moscow: Ekonomika.

6. Mises L. (2007). Theory and History: An Interpretation of Social and Economic Evolution. Chelyabinsk: Sotsium.

7. Moore G. E. (1984 [1903]) Principia Ethica. Moscow: Progress.

8. Knight F. (2003). Risk, Uncertainty, and Profit. Moscow: Delo.

9. Knight F. (2009). Ethics of Competition. Moscow: EKOM Publishers.

10. Ramsey F. P. (2011 [1926]. Truth and Probability // Istoki. Sociocultural Context of Economic Activity and Economic Knowledge. Moscow: HSE Publ.

11. Hayek F. (1989). Competition as a Discovery Procedure // World Economy and International Relations. No 12. P. 6—14.

12. Hayek F. (1992). The Fatal Conceit: The Errors of Socialism. Moscow: Novosti.

13. Baldwin Th. (2006). Keynes and Ethics // The Cambridge Companion to Keynes / R. E. Backhouse, B. W. Bateman (eds.). Cambridge: Cambridge University Press. P. 237—256

14. Bateman B.W. (2003). The End of Keynes and Philosophy? // The Philosophy of Keynes’s Economics / J. Runde, S. Mizuhara (eds.). L.: Routledge. P. 71—84.

15. Braithwaite R. B. (1973). Editorial Foreword // The Collected Writings of John Maynard Keynes. N. Y.: St. Martin Press. Vol. VIII. P. XV—XXII.

16. Carabelli A. (2003). Keynes: Economics as a Branch of Probable Logic // The Philosophy of Keynes’s Economics / J. Runde, S. Mizuhara (eds.). L.: Routledge. P. 216—226.

17. Gillies D. (2006). Keynes and Probability // The Cambridge Companion to Keynes / R. E. Backhouse, B. W. Bateman (eds.). Cambridge: Cambridge University Press. P. 199—216.

18. Greer W. B. (2000). Ethics and Uncertainty. The Economics of John M. Keynes and Frank H. Knight. Cheltenham; Northampton, MA: Edward Elgar.

19. Hauwe van den L. (2008). John Maynard Keynes and Ludwig von Mises on Probability // Precesos de Mercado — Revista Europea de Economic Politica. Vol. 5, No 1. P. 11—50.

20. Hishiyama I. (1969). The Logic of Uncertainty According to J. M. Keynes // Kyoto University Economic Review. Vol. 39, No 1. P. 22—44.

21. Johnson L. E., Ley R. D., Cate Th. (2005). Selecting Social Goals: J. M. Keynes and the Emergence of Ontological Rationality in Economics // International Advances in Economic Research. No 11. P. 291—299.

22. Keynes J. M. (1973 [1921]). A Treatise of Probability // The Collected Writings of John Maynard Keynes. N. Y.: St. Martin Press. Vol. VIII.

23. Knight F. (1956 [1938]). ‘What is Truth’ in Economics? // On the History and Method of Economics. Chicago: Chicago University Press. P. 151—178.

24. Knight F. (1947). Freedom and Reform. Essays in Economics and Social Philosophy. N.Y.: Harper&Brothers.

25. Lawson T. (1988). Probability and Uncertainty in Economic Analysis// Journal of Post-Keynessian Economics. Vol. 11, No 1. P. 38—65.

26. Rothbard M. N. (2004) Man, Economy, and State. Auburn: Ludwig von Mises Institute.

27. Shackle G. L. S. (1994). Keynes and Today’s Establishment in Economic Theory: A View // John Maynard Keynes Critical Assessments. Vol. 4. L.: Routledge. P. 1—6.


Review

For citations:


Makasheva N. Uncertainty, Probability, Ethics: J. m. Keynes, l. mises, and f. Knight. Voprosy Ekonomiki. 2013;(10):47-65. (In Russ.) https://doi.org/10.32609/0042-8736-2013-10-47-65

Views: 1349


ISSN 0042-8736 (Print)