A Study of Ramsey's Extremely Poor Reading of Chapter III of J. M. Keynes's A Treatise on Probability and the Refutations Made by J. M. Keynes and Bertrand Russell
30 Pages Posted: 19 Feb 2014
Date Written: February 17, 2014
Frank P Ramsey’s critique of Keynes’s logical Theory of Probability, presented in 1925 and published in 1930, is so weak and poor that J M Keynes or Bertrand Russell could easily have refuted and decimated Ramsey’s claims in the space of one half of an hour to one hour at Keynes’s Political Economy club in 1925 or 1926 if they had chosen to do so.
This raises the question of whether or not Ramsey ever understood the book he had claimed to be reviewing. There is a very high probability that Ramsey did not read and understand Keynes’s chapter III when he published both his 1922 review in the Cambridge Magazine and the 1926 review in 1930 posthumously.
Keywords: Ramsey, Keynes, mysterious, indeterminate, non-numerical, similarity, logical, interval estimate, weight
JEL Classification: B23, B30, B41, E12
Suggested Citation: Suggested Citation