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The Concept of the Weight of Argument

In: Keynes: Philosophy, Economics and Politics

Author

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  • R. M. O’Donnell

    (Macquarie University)

Abstract

The novel concept of ‘the weight of argument’ forms a significant element in Keynes’s philosophy and has a particular bearing upon his economics. Although it was somewhat hesitantly advanced in the TP, he lent further importance to it in his economic writings after 1930, even if it remained in the background or was concealed by proxies such as ‘confidence’. Its general significance lies in its relevance to his theory of rationality under uncertainty, its particular significance in the light it casts on uncertainty and liquidity in the GT.

Suggested Citation

  • R. M. O’Donnell, 1989. "The Concept of the Weight of Argument," Palgrave Macmillan Books, in: Keynes: Philosophy, Economics and Politics, chapter 4, pages 67-80, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-07027-5_5
    DOI: 10.1007/978-1-349-07027-5_5
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