Abstract
Dr O’Donnell has written an extremely interesting and provocative paper. As the discussant of that paper, my duty is to call attention to some issues that the paper raises rather than indicating the points of agreement between the author and the discussant. So, in the brief time I have, I wish to raise six issues for comments by both the audience and the author. These involve:
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1
Whose economic analysis is rational?
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2
The dichotomy between known and unknown probabilities.
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3
Limited reasoning power, a Turing machine, and chaos theory.
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4
Did Keynes have a single general conception of uncertainty?
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5
Free will or predeterminism in economics.
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6
Keynes the consistent philosopher versus Keynes the persuader.
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References
Carabelli, A. M. (1988) On Keynes’s Method, Macmillan, London.
Davidson, P. (1988) ‘A Technical Definition of Uncertainty and The Long Run Non-Neutrality of Money’, Cambridge Journal of Economics, 12.
Davidson, P. (1989) ‘Keynes and Money’, in Keynes, Money and Monetarism, edited by Roger Hill, Macmillan, London.
Keynes, J. M. (1921) A Treatise on Probability, vol. VIII of The Collected Writings of John Maynard Keynes, Macmillan.
Keynes, J. M. (1936) The General Theory of Employment, Interest and Money, vol. VII of The Collected Writings of John Maynard Keynes, Macmillan.
Keynes, J. M. (1973) The Collected Writings of John Maynard Keynes, vol. XIV, Macmillan.
Machina, M. (1987) ‘Choice Under Uncertainty’, Journal of Economic Perspectives, I.
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© 1991 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Davidson, P. (1991). Comment. In: O’Donnell, R.M. (eds) Keynes as Philosopher-Economist. Keynes Seminars. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-10325-6_3
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DOI: https://doi.org/10.1007/978-1-349-10325-6_3
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