Probabilism: Ethics and Economics

Revista de Economía Institucional, Vol. 5, No. 9, 2003

23 Pages Posted: 22 Apr 2005

Abstract

This essay makes reference to the Scholastic doctrine of moral probabilism and explores the possible links between this theological perspective and the modern concept of probability. It shows that these concepts are more related than is suggested by common etymological approaches. Moral probabilism helped confessors to solve cases of conscience, without reducing the problem of human liberty to the extremes of randomness or determinism. Also, it suggests an analogy between the probabilistic approach and Keynes's Treatise on Probability: for both Scholastic authors and Keynes economic analysis emerges from moral analysis.

Keywords: probabilism, scholastic, ethics and economics, Keynes

JEL Classification: A11, A12, B10, B11

Suggested Citation

Castrillón, Alberto, Probabilism: Ethics and Economics. Revista de Economía Institucional, Vol. 5, No. 9, 2003, Available at SSRN: https://ssrn.com/abstract=698101

Alberto Castrillón (Contact Author)

Universidad Externado de Colombia ( email )

Calle 12 0 83
Bogota D.C, Cundinamarca 3456
Colombia

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
149
Abstract Views
1,982
Rank
354,898
PlumX Metrics