Tag Archives: John Maynard Keynes

Where do theories come from?

While science rightly uses empirical evidence (”facts”) as the ultimate arbiter of truth, those who experiment and analyse field data usually only credit or discredit ideas / frameworks that some theorist has previously invented. Tagline. Science: We finally figured out that … Continue reading

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The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite … Continue reading

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The word probability didn’t take on a likelihood-related meaning until maybe the 18th century. The original meaning was synonymous with “worthy of approval”. Also interesting: Ian Hacking suggests that the creation of probability & chance concepts was intimately tied to equiprobable outcomes, … Continue reading

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