Uncertainty in Economics - A New Approach (Hardcover, 1st ed. 2017)

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.

General

Imprint:	Springer International Publishing AG
Country of origin:	Switzerland
Series:	Contributions to Economics
Release date:	July 2017
First published:	2017
Authors:	Julia Koehn
Dimensions:	235 x 155mm (L x W)
Format:	Hardcover
Pages:	199
Edition:	1st ed. 2017
ISBN-13:	978-3-319-55350-4
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Humanities > Philosophy > Topics in philosophy > Social & political philosophy Books > Business & Economics > Economics > Macroeconomics > General Books > Business & Economics > Business & management > Management & management techniques > General Books > Philosophy > Topics in philosophy > Social & political philosophy Promotions
LSN:	3-319-55350-X
Barcode:	9783319553504

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