Home
Uncertainty In Economics by Julia Köhn, Paperback | Indigo Chapters
Loading Inventory...
Indigo
Uncertainty In Economics by Julia Köhn, Paperback | Indigo Chapters
From Julia Köhn
Current price: $183.50
Indigo
Uncertainty In Economics by Julia Köhn, Paperback | Indigo Chapters
From Julia Köhn
Current price: $183.50
Loading Inventory...
Size: 0 x 9.25 x 1
*Product information may vary - to confirm product availability, pricing, shipping and return information please contact Indigo
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. | Uncertainty In Economics by Julia Köhn, Paperback | Indigo Chapters