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Essay heading: Keynes
 
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Issue: Biographies
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Date added: June 26, 2006
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No of pages / words: 2 / 421
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Most of the required reparations were never paid. In 1921, Keynes published Treatise on Probability which dealt with probability theory. This book gave the important view that “probabilities were no more or less than truth values intermediate between simple truth and falsity.” In 1923, Keynes also wrote A Tract on Monetary Reform which attacked the deflation policies of the 1920's...
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Keynes states that "the theory of aggregated production, which is the point of the following book, nevertheless can be much easier adapted to the conditions of a totalitarian state (eines totalen Staates) than the theory of production and distribution of a given production put forth under conditions of free competition and a large degree of laissez-faire...
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