Reflections On Uncertainty In Economics

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Uncertainty In Economics And Other Reflections

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Author : G. L. S. Shackle
language : en
Publisher: Cambridge University Press
Release Date : 2010-08-26

Uncertainty In Economics And Other Reflections written by G. L. S. Shackle and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08-26 with Business & Economics categories.

This book is a collection of some of Professor Shackle's papers written between 1939 and 1953 is largely concerned with the problems of 'expectation' and 'uncertainty' and with reducing these universal factors to some sort of plausible rules. Also included are essays on interest rates, on investment and employment, and on the philosophy of economics. This book, by one of the finest economic writers of his time, will appeal to anyone with an interest in the history of economics.

Uncertainty In Economics And Other Reflections

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Author : George Lennox Sharman Shackle
language : en
Publisher:
Release Date : 1968

Uncertainty In Economics And Other Reflections written by George Lennox Sharman Shackle and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1968 with categories.

Uncertainty In Economics And Other Reflections

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Author : G L S (George Lennox Shar Shackle
language : en
Publisher: Hassell Street Press
Release Date : 2021-09-09

Uncertainty In Economics And Other Reflections written by G L S (George Lennox Shar Shackle and has been published by Hassell Street Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-09 with categories.

This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Reflections On Uncertainty In Economics

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Author : Walter A. Weisskopf
language : en
Publisher:
Release Date : 1984

Reflections On Uncertainty In Economics written by Walter A. Weisskopf and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Economics categories.

Uncertainty In Economics

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Author : George Lennox Sharman Shackle
language : en
Publisher:
Release Date : 1968

Uncertainty In Economics written by George Lennox Sharman Shackle and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1968 with Economics categories.

Cycles Growth And The Great Recession

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Author : Annalisa Cristini
language : en
Publisher:
Release Date : 2015

Cycles Growth And The Great Recession written by Annalisa Cristini and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with BUSINESS & ECONOMICS categories.

Cycles, Growth and the Great Recession is a collection of papers that assess the nature and role of the business cycle in contemporary economies. These assessments are made in the context of the financial market instability that distinguishes the Great Recession from previous post-war slowdowns. Theorists and applied scholars in the fields of economics and mathematical economics discuss various approaches to understanding cycles and growth, and present mathematical and applied macro models to show how uncertainty shapes cycles by affecting the economic agent choice. Also included is an empirical section that investigates how the Great Recession affected households' housing wealth, labour productivity and migration decisions. This book aims to: Propose a novel understanding of the business cycle by comparing the approaches of various scholars, starting from Hyman Minsky and Piero Ferri. Show that uncertainty is a main feature of the business cycle that affects decision-making and economic behaviour in general. Explain with mathematical models how the behaviour of economic agents can lead to cyclical paths for modern developed economies. Augment theory with empirical analysis of some central issues related to the Great Recession. This book comprises an original view of such widely discussed subjects as business cycles, uncertainty, economic growth and the Great Recession, constructed around theory, models and applications.

Reflections On The Great Depression

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Author : Randall E. Parker
language : en
Publisher: Edward Elgar Publishing
Release Date : 2003-01-01

Reflections On The Great Depression written by Randall E. Parker and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-01-01 with Business & Economics categories.

This is an enjoyable and immensely readable book which combines in interview format, reflections by prominent economists on contemporary and subsequent explanations of the Great Depression with what Bernanke in his foreword refers to as highbrow gossip concerning the lives and experiences of those selected economists who lived through the era. W.R. Garside, Australian Economic History Review The tone of the book is broad, and it moves fluidly between discussion of grand intellectual debates about what mattered, personal thoughts of the interviewer and his subjects, formative experiences, events and gossip. Christopher M. Meissner, The International History Review This volume is built around transcripts of interviews conducted in 1997 and 1998 with 11 noteworthy economists who had been graduate students in the 1930s. They were invited to reflect on how the Great Depression affected them, both personally and professionally. As Ben S. Bernanke remarks in the foreword, this is first-rate highbrow gossip . The result is both instructive and entertaining. William J. Barber, Journal of Economic History The interviews with famous senior economists contained in this enjoyable book achieve two important, and quite distinct, goals. First, they provide invaluable insights into the history of theorizing about the Depression. In these conversations we see the struggles of the brightest young economists of their generation to reconcile old paradigms of the efficiency and optimality of free markets with the hard facts of mass unemployment and economic collapse they saw around them in the 1930s. In their attempts to find new answers we see the roots of current ideas and debates in economics. These interviews do an excellent job of recapturing the sense of uncertainty, the feeling of grappling with an intractable puzzle, that almost every one of these economists experienced. The second achievement of these interviews is to provide, well, first-rate highbrow gossip. The interviewees are outstanding economists but they are also an exceptional group of people. They hail from around the world, from a variety of cultural and socioeconomic backgrounds. Each, in one way or the other, found his or her way to professional prominence, often in the face of substantial adversity. From the foreword by Ben S. Bernanke, Princeton University, US It is an accepted truism that the Great Depression did more for the development of modern economics than any other single event. Some of the greatest economists of the twentieth century were inspired to go into the field as a direct result of their experiences during this period. This book explores the most prominent economic explanations of the Great Depression and how it affected the lives, experiences, and subsequent thinking of economists who lived through that era. Presented in interview format, this collection of conversations with Moses Abramovitz, Morris Adelman, Milton Friedman, Albert Hart, Charles Kindleberger, Wassily Leontief, Paul Samuelson, Anna Schwartz, James Tobin, Herbert Stein and Victor Zarnowitz provides a record of their reflections on the economics of the Great Depression and on the major events which occurred during those critical years. This volume is also another chapter in the legacy of the interwar generation of economists and is intended as a token of gratitude for the contributions they have made to the economics profession. Randall Parker has given us a window into the lives of these gifted scholars and an important glimpse into the world that shaped them. Any student or scholar of economics will find this homage to and record of the brightest voices to come out of this critical time to be indispensable.

Uncertainty In Economics

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Author : Julia Köhn
language : en
Publisher: Springer
Release Date : 2017-07-04

Uncertainty In Economics written by Julia Köhn and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-04 with Business & Economics categories.

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.

The Analytics Of Uncertainty And Information

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Author : Jack Hirshleifer
language : en
Publisher: Cambridge University Press
Release Date : 1992-09-10

The Analytics Of Uncertainty And Information written by Jack Hirshleifer and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-09-10 with Business & Economics categories.

Economists have always recognised that human endeavours are constrained by our limited and uncertain knowledge, but only recently has an accepted theory of uncertainty and information evolved. This theory has turned out to have surprisingly practical applications: for example in analysing stock market returns, in evaluating accident prevention measures, and in assessing patent and copyright laws. This book presents these intellectual advances in readable form for the first time. It unifies many important but partial results into a satisfying single picture, making it clear how the economics of uncertainty and information generalises and extends standard economic analysis. Part One of the volume covers the economics of uncertainty: how each person adapts to a given fixed state of knowledge by making an optimal choice among the immediate 'terminal' actions available. These choices in turn determine the overall market equilibrium reflecting the social distribution of risk bearing. In Part Two, covering the economics of information, the state of knowledge is no longer held fixed. Instead, individuals can to a greater or lesser extent overcome their ignorance by 'informational' actions. The text also addresses at appropriate points many specific topics such as insurance, the Capital Asset Pricing model, auctions, deterrence of entry, and research and invention.

Handbook Of The Economics Of Risk And Uncertainty

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Author : Mark Machina
language : en
Publisher: Newnes
Release Date : 2013-11-14

Handbook Of The Economics Of Risk And Uncertainty written by Mark Machina and has been published by Newnes this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-14 with Business & Economics categories.

The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of original essays proffers broad, high-level explanations of risk and uncertainty. The economics of risk and uncertainty is unlike most branches of economics in spanning from the individual decision-maker to the market (and indeed, social decisions), and ranging from purely theoretical analysis through individual experimentation, empirical analysis, and applied and policy decisions. It also has close and sometimes conflicting relationships with theoretical and applied statistics, and psychology. The aim of this volume is to provide an overview of diverse aspects of this field, ranging from classical and foundational work through current developments. Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance Divides coverage between theoretical, empirical, and experimental findings Makes the economics of risk and uncertainty accessible to scholars in fields outside economics