Uncertainty in Economics: A New Approach
In this book the author develops a new approach to uncertainty in economics, which calls for a fundamental change in the methodology of economics. It provides a comprehensive overview and critical appraisal of the economic theory of uncertainty and shows that uncertainty was originally conceptualized both as an epistemic and an ontological problem. As a result of the economic professions’ attempt to become acknowledged as a science, the more problematic aspect of ontological uncertainty has been neglected and the subjective probability approach to uncertainty became dominant in economic theory. A careful analysis of ontological theories of uncertainty explains the blindness of modern economics to economic phenomena such as instability, slumps or excessive booms. Based on these findings the author develops a new approach that legitimizes a New Uncertainty Paradigm in economics.
"1133655902"
Uncertainty in Economics: A New Approach
In this book the author develops a new approach to uncertainty in economics, which calls for a fundamental change in the methodology of economics. It provides a comprehensive overview and critical appraisal of the economic theory of uncertainty and shows that uncertainty was originally conceptualized both as an epistemic and an ontological problem. As a result of the economic professions’ attempt to become acknowledged as a science, the more problematic aspect of ontological uncertainty has been neglected and the subjective probability approach to uncertainty became dominant in economic theory. A careful analysis of ontological theories of uncertainty explains the blindness of modern economics to economic phenomena such as instability, slumps or excessive booms. Based on these findings the author develops a new approach that legitimizes a New Uncertainty Paradigm in economics.
96.99
In Stock
5
1
![Uncertainty in Economics: A New Approach](http://img.images-bn.com/static/redesign/srcs/images/grey-box.png?v11.10.4)
Uncertainty in Economics: A New Approach
199![Uncertainty in Economics: A New Approach](http://img.images-bn.com/static/redesign/srcs/images/grey-box.png?v11.10.4)
Uncertainty in Economics: A New Approach
199
96.99
In Stock
Product Details
ISBN-13: | 9783319553511 |
---|---|
Publisher: | Springer-Verlag New York, LLC |
Publication date: | 07/04/2017 |
Series: | Contributions to Economics |
Sold by: | Barnes & Noble |
Format: | eBook |
Pages: | 199 |
File size: | 565 KB |
About the Author
From the B&N Reads Blog