Frank Ramsey made significant contributions across multiple fields. In mathematics, he founded Ramsey theory, a branch of combinatorics. In economics, he established optimal taxation theory and optimal savings theory. In philosophy, he introduced concepts like Ramsey sentences, Ramsey conditionalization, and the Ramsey effect, which refers to discovering that Ramsey had already thought of an idea you believed was original.
Ramsey's mother was a progressive, feminist, and socialist who instilled strong values in him. She took her children to the poor house on Christmas to give presents to the less fortunate. Ramsey adopted her socialist and justice-oriented values, which influenced his economic theories and his focus on human welfare in both philosophy and economics.
Ramsey was the first to develop a subjective account of probability and measure partial belief, laying the groundwork for rational choice theory. He demonstrated how individuals could align their beliefs with the probability calculus to act rationally. However, he acknowledged that this was an idealized form of rationality that no human could fully achieve.
Ramsey incorporated justice into his economic analyses by arguing against discounting future generations in utilitarian calculations. In his paper 'A Mathematical Theory of Savings,' he emphasized the importance of saving not just money but also natural resources for future generations, rejecting the idea that their utility could be ignored due to potential catastrophes.
Ramsey and Wittgenstein had a mutually influential relationship. Ramsey translated Wittgenstein's 'Tractatus Logico-Philosophicus' into English, and Wittgenstein declared Ramsey's translation more authoritative than the original. While Ramsey was deeply influenced by Wittgenstein's early work, he later developed a pragmatist philosophy that contrasted sharply with Wittgenstein's logical and metaphysical approach.
Ramsey's pragmatism focused on the role of concepts like truth, probability, and belief in human inquiry and life, emphasizing their practical utility. In contrast, Wittgenstein's early philosophy, as seen in the 'Tractatus,' was based on a logical picture theory of meaning and truth, which excluded ethical and existential propositions as meaningless. Ramsey prioritized the human perspective, while Wittgenstein sought an ideal, non-human logical structure.
Ramsey took a human-centered approach to the meaning of life, contrasting with Russell's focus on the vastness of the universe and Wittgenstein's silence on the topic. Ramsey argued that life is wonderful and enjoyable when viewed from the human perspective, emphasizing what is best for human beings rather than abstract or metaphysical considerations.
Ramsey's warm, gregarious, and empathetic character shaped his philosophy and economics. He focused on what human beings could realistically achieve, rejecting idealizations. This approach, termed 'the feasible first best,' emphasized practical and attainable solutions in both philosophy and economics, reflecting his concern for human welfare and realistic possibilities.
Ramsey was introduced to pragmatism by Charles K. Ogden, a family friend and publisher, who gave him papers by Charles Peirce to read. After the first volume of Peirce's papers was published in 1922, Ramsey read them as an undergraduate and began identifying as a pragmatist, incorporating pragmatist ideas into his philosophy.
The Cambridge philosopher Frank Ramsey died aged 26, but in a short brilliant life he made significant contributions to philosphy and economics. Here in the Bio Bites strand of Philosophy Bites David Edmonds discusses Ramsey's life and thought with his biographer Cheryl Misak.