When1: 1921
When2: 1936
Who: John Maynard Keynes [Keynes, John Maynard]
What: economist
Where: England
works\ Treatise on Probability [1921]; Treatise on Money [1930]; General Theory of Employment, Interest and Money [1936]
Detail: He lived 1883 to 1946 and studied marginal propensities. He suggested deficit spending to expand economy.
Epistemology
If alternatives have no known probabilities, they receive equal probability {indifference principle} {insufficient reason principle} {principle of indifference} {principle of insufficient reason}. This principle is not true because, if all probabilities are equal, people cannot learn from experience.
Social Sciences>Economics>History>Macroeconomics
6-Economics-History-Macroeconomics
Outline of Knowledge Database Home Page
Description of Outline of Knowledge Database
Date Modified: 2022.0224