Uncertainty in 'A Treatise on Probability' and the 'General Theory'

This paper is concerned with the relationship between Keynes's theory of probability and his later work on macroeconomics. It suggests that while the General Theory deals again with the subject of the Treatise on Probability, information and uncertainty, Keyenes's treatment of this matter in the later work was influenced by Knight, rather than his own earlier views.peer-reviewe