On J M Keynes’s Rejection of the Moscow School of Probability’s Limiting Frequency Approach to Probability and Kolmogorov’s Axiom of Additivity (Countable Additivity): Non –Additivity was the fundamental,basic axiom upon which all of the Economics of Keynes was Built

Por • 14 oct, 2019 • Sección: Economía

Michael Emmett Brady

Abstract- J M Keynes was an acknowledged, world renown, and internationally recognized expert in probability and statistics in the 1930’s based on his A Treatise on Probability (1921). . Keynes had been selected by statistics journals to serve as a referee during the 1930’s . It is, therefore, no surprise that he was selected as the referee by the League of Nations to review Jan Tinbergen’s work on business cycles that used an econometrics approach based on The Law of Electronic copy available at: http://ssrn.com/abstract=2681992 2 Large Numbers, the Central Limit Theorem, and the Gaussian(Normal) Distribution .The fundamental axiom used by Tinbergen was additivity .

Michael Emmett Brady, Lecturer, College of Business Administration and Public Policy, Department of Operations Management, California State University, Dominguez Hills, Carson, California, USA





Post to Twitter

Escribe un comentario