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.
Produkteigenschaften
- Artikelnummer: 9783319856353
- Medium: Buch
- ISBN: 978-3-319-85635-3
- Verlag: Springer International Publishing
- Erscheinungstermin: 01.08.2018
- Sprache(n): Englisch
- Auflage: Softcover Nachdruck of the original 1. Auflage 2017
- Serie: Contributions to Economics
- Produktform: Kartoniert, Paperback
- Gewicht: 330 g
- Seiten: 199
- Format (B x H x T): 155 x 235 x 12 mm
- Ausgabetyp: Kein, Unbekannt