J.M. Keynes and the History of Probability

The Influence of Locke, Leibniz, and Hume

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John Maynard Keynes is best known for his contributions to economics, yet he spent nearly two decades exploring the concept of probability. His extensive work culminated in the Treatise on Probability (1921), where he developed a unique notion of probability that continues to divide scholars regarding its relevance to economic theory.