Concepts of probability are an integral component of economic
theory. However there are many theories of probability and these
are manifested in different approaches to economic theory itself.
This text offers a clear and informative survey of the area serving
to standardize terminology, and so to integrate probability into a
discussion of the foundations of economic theory. Having summarized
the three main, competing interpretations of probability, the
author explains its fundamental importance in economics, and
illustrates this with a comparison of Knight's and Keynes's very
different conceptions. Finally, he examines the Austrian, Keynesian
and New Classical/Rational Expectation schools of thought.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
