Abstract
Ramsey’s fundamental error, made in both 1922 and in 1926, was to assume without any support that Keynes’s Logical Theory of Probability was based on ordinal measurement that could only be applied on some occasions. Keynes’s theory is not an ordinal theory at all. Keynes’s theory is an interval estimate theory of probability. Ramsey’s reviews of Keynes’s work in the A Treatise on Probability must now be consigned to the intellectual garbage dump of history where they belong.
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