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Neues Working Paper: "John Maynard Keynes and Ludwig von Mises on Probability"

Mises.org präsentiert "John Maynard Keynes and Ludwig von Mises" von Ludwig von den Hauwe

Zum kostenlosen Download steht auf der Internetseite des Ludwig on Mises-Instituts ein neues Working Paper von Ludwig von den Hauwe von der Université Paris-Dauphine zur Verfügung.

Das Paper kann unter www.mises.org/journals/scholar/vandenhauwe.pdf heruntergeladen werden. 

Im Abstract des Essays heißt es:

The economic paradigms of Ludwig von Mises on the

one hand and of John Maynard Keynes on the other have

been correctly recognized as antithetical at the

theoretical level, and as antagonistic with respect to

their practical and public policy implications.

Characteristically they have also been vindicated by

opposing sides of the political spectrum. Nevertheless

the respective views of these authors with respect to the

meaning and interpretation of probability exhibit a

closer conceptual affinity than has been acknowledged in

the literature. In particular it is argued that in some

relevant respects Ludwig von Mises´ interpretation of the

concept of probability exhibits a closer affinity with

the interpretation of probability developed by his

opponent John Maynard Keynes than with the views on

probability espoused by his brother Richard von Mises.

Nevertheless there also exist significant differences

between the views of Ludwig von Mises and those of John

Maynard Keynes with respect to probability. One of these

is highlighted more particularly: where John Maynard

Keynes advocated a monist view of probability, Ludwig von

Mises embraced a dualist view of probability, according

to which the concept of probability has two different

meanings each of which is valid in a particular area or

context. It is concluded that both John Maynard Keynes

and Ludwig von Mises presented highly nuanced views with

respect to the meaning and interpretation of probability.

  
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