J M Keynes’s Method in the A Treatise on Probability, Inexact Measurement and Approximation Using Non Additive Upper and Lower Probabilities, Is a Formal, Inductive Logic Built on G. Boole’s Original Boolean Algebra and Logic: It Has Nothing to Do With ‘…A Given List of Possible Behaviors.’

24 Pages Posted: 15 Jan 2020

See all articles by Michael Emmett Brady

Michael Emmett Brady

California State University, Dominguez Hills

Date Written: December 24, 2019

Abstract

J.M. Keynes’s method in the A Treatise on Probability, inexact measurement and approximation using non additive upper and lower probabilities, is a formal, inductive logic built on G. Boole’s original Boolean Algebra and Logic. It has nothing to do with "…a given list of possible behaviors. ” (Almeida, no date). Keynes’s approach uses intuition, induction, pattern recognition and analogy as a foundation, using different degrees of similarity and dissimilarity connecting the past to the future, to analyze and solve existing problems with major future implications. The researcher, using Keynesian induction and intuition, is able to discover relevant connections from the past that may very likely play a deciding role in unsolved problems extending and dealing with the future. A researcher does not create a solution out of nothing based on his imagining things about the future whimsically when he is daydreaming or sleeping and having dreams.

Keywords: inductive logic, deductive logic, validity, truth, analogy, similarity Keynes, Shackle, imagination, discovery

JEL Classification: B10, B12, B14, B18, B20

Suggested Citation

Brady, Michael Emmett, J M Keynes’s Method in the A Treatise on Probability, Inexact Measurement and Approximation Using Non Additive Upper and Lower Probabilities, Is a Formal, Inductive Logic Built on G. Boole’s Original Boolean Algebra and Logic: It Has Nothing to Do With ‘…A Given List of Possible Behaviors.’ (December 24, 2019). Available at SSRN: https://ssrn.com/abstract=3509048 or http://dx.doi.org/10.2139/ssrn.3509048

Michael Emmett Brady (Contact Author)

California State University, Dominguez Hills ( email )

1000 E. Victoria Street, Carson, CA
Carson, CA 90747
United States

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