The Philosophy of Keynes' Economics: Probability, Uncertainty and Convention, 1st Edition (Paperback) book cover

The Philosophy of Keynes' Economics

Probability, Uncertainty and Convention, 1st Edition

Edited by Sohei Mizuhara, Jochen Runde


291 pages

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John Maynard Keynes was arguably the most influential Western economist ofthe twentieth century. His emphasis on the nature and role of uncertainty ineconomics is a dominant theme in his writings.

This book brings together a wide array of experts on Keynes’s contributions tothe philosophy of probability and to economics, including Gay Tulip Meeks,Sheila Dow and John Davis. Themes covered include:

  • Keynesian probability and uncertainty
  • the foundations of Keynes’s economics
  • the relationship between Keynes’s earlier and later thought

The Philosophy of Keynes’s Economics is a readable and comprehensive bookthat will interest students and academics interested in the man and his thought.


'An extremely useful introduction to the Keynes and philosophy literature that has the great advantage of letting the participants in controversies speak for themselves.' -- D.E. Moggridge, Professor of Economics, University of Toronto, Canada.

'Afficionados of the old economics literature know that Smith's Theory of Moral Sentiments, Malthus's Principles …, Marshall's Industry & Trade, and Commons's Legal Foundations likely surpass in originality and insights the books for which these worthies are generally known. So too Maynard Keynes's Treatise on Probability surpasses his more popular reads. This significant volume brings together 18 critical essays (plus an Introduction that truly orients the reader) which serve to reintroduce Keynes's brilliance to readers who have read and perhaps tired of his General Theory. Cambridge is not yet done with Keynes, and the profession is not yet done with Cambridge.' Mark Perlman, University of Pittsburgh, USA.

'[It is] a very useful addition to an already considerable literature, and it can replace in part the reading of the totality of this literature. It deserves to be added to reading lists of all courses on Keynes.' -- Economics and Philosophy

Table of Contents

Part 1. Probability, Uncertainty and Choice Part 2. Continuity Issues Part 3. Social Ontology Part 4. Convention Part 5. Methodology Part 6. Looking Ahead

About the Editors

Jochen Runde is Senior Lecturer in Economics at the Judge Institute of Management, Cambridge (UK); Fellow and Graduate Tutor at Girton College, Cambridge (UK); and Associate Director of the Professional Practice Programme, Cambridge-Massachusetts Institute (USA).

Sohei Mazuhara is Professor of Economics at Ryukoku University, Japan.

About the Series

Economics as Social Theory

Social Theory is experiencing something of a revival within economics. Critical analyses of the particular nature of the subject matter of social studies and of the types of method, categories and modes of explanation that can legitimately be endorsed for the scientific study of social objects, are re-emerging. Economists are again addressing such issues as the relationship between agency and structure, between economy and the rest of society, and between the enquirer and the object of enquiry. There is a renewed interest in elaborating basic categories such as causation, competition, culture, discrimination, evolution, money, need, order, organization, power probability, process, rationality, technology, time, truth, uncertainty, value etc.

The objective for this series is to facilitate this revival further. In contemporary economics the label “theory” has been appropriated by a group that confines itself to largely asocial, ahistorical, mathematical “modelling”. Economics as Social Theory thus reclaims the “Theory” label, offering a platform for alternative rigorous, but broader and more critical conceptions of theorizing.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economic History
BUSINESS & ECONOMICS / Economics / General
BUSINESS & ECONOMICS / Economics / Theory