ABSTRACT

Keynes’s epistemology is formally laid out in A Treatise on Probability and applied with adaptations in The General Theory. These two books do not develop the connection that he saw between judgments of fact and judgments of value, or his growing disillusionment and belief in irrationality. They also omit his economic ideal, which was material prosperity sufficient to release the creative energies of humankind. I have concentrated here on the Treatise and The General Theory, but have mentioned the other ideas where they are relevant.