ABSTRACT

It is striking that while we are blessed with histories of some of the most arcane and specialized (be that spatiotemporal or intellectual consequence) incidents in the history of economic thought, at this late date there is no synoptic history of some of the key concepts in the discipline, such as “market” or “supply and demand” or “probability.” This paper is a first attempt to sketch in some of the early history of that notoriously slippery notion of “probability.”