Uncertainty in Economics : A New Approach Hardback
by Julia Koehn
Part of the Contributions to Economics series
Hardback
Description
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.
Information
-
Item not Available
- Format:Hardback
- Pages:199 pages, 9 Illustrations, black and white; IX, 199 p. 9 illus.
- Publisher:Springer International Publishing AG
- Publication Date:14/07/2017
- Category:
- ISBN:9783319553504
Information
-
Item not Available
- Format:Hardback
- Pages:199 pages, 9 Illustrations, black and white; IX, 199 p. 9 illus.
- Publisher:Springer International Publishing AG
- Publication Date:14/07/2017
- Category:
- ISBN:9783319553504
