PROBABILITIES AND PSUEDOSCIENCE Keynes’ first work was in probability. He was a

PROBABILITIES AND PSUEDOSCIENCE

Keynes’ first work was in probability.

He was a successful investor.

He used probabilities where the law used operations (Legal transactions).

He institutionalized the ludic fallacy: that games with limits mirrors human actions that consistently expand limits.

All economies head toward disequilibrium.

Growth is in fact an instance of disequilibrium.