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dc.contributor.authorDow, Sheilaen_UK
dc.contributor.editorFrydman, Ren_UK
dc.contributor.editorPhelps, ESen_UK
dc.description.abstractThe purpose of this paper is to revisit Keynes's ideas on knowledge, expectations and rationality in the light of interpretations and developments over the last few decades. Keynes's philosophy focused on establishing grounds for belief under the general conditions of uncertainty. He argued that calculative individualistic rationality (in the standard mainstream economics sense) had limited scope. He developed these ideas within his macroeconomics in terms of a theory of expectations and confidence in expectations, emphasizing the role of social conventions as a basis for judgment. Keynes saw sociality interplaying with individuality also in terms of ethics, and the idea of public institutions as a vehicle for promoting social good. Keynes's ideas on knowledge suggest a pluralist methodology for economics, employing a range of models and sources of evidence, based on a notion of rationality as 'reasonableness'.en_UK
dc.publisherPrinceton University Pressen_UK
dc.relationDow S (2012) Keynes on Knowledge, Expectations, and Rationality. In: Frydman R & Phelps E (eds.) Rethinking Expectations: The Way Forward for Macroeconomics. Princeton, USA: Princeton University Press, pp. 112-129.
dc.rightsThe publisher has not responded to our queries therefore this work cannot be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.en_UK
dc.titleKeynes on Knowledge, Expectations, and Rationalityen_UK
dc.typePart of book or chapter of booken_UK
dc.rights.embargoreason[2013 ny paper 2012-04-172.pdf] The publisher has not responded to our queries. This work cannot be made publicly available in this Repository therefore there is an embargo on the full text of the work.en_UK
dc.rights.embargoreason[Dow_2012_Keynes_on_Knowledge_Expectations_and_Rationality.pdf] The publisher has not responded to our queries. This work cannot be made publicly available in this Repository therefore there is an embargo on the full text of the work.en_UK
dc.type.statusVoR - Version of Recorden_UK
dc.type.statusAM - Accepted Manuscripten_UK
dc.citation.btitleRethinking Expectations: The Way Forward for Macroeconomicsen_UK
dc.publisher.addressPrinceton, USAen_UK
rioxxterms.typeBook chapteren_UK
local.rioxx.authorDow, Sheila|0000-0001-9969-197Xen_UK
local.rioxx.projectInternal Project|University of Stirling|
local.rioxx.contributorFrydman, R|en_UK
local.rioxx.contributorPhelps, ES|en_UK
Appears in Collections:Economics Book Chapters and Sections

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