Uncertainty in Economics : A New Approach (Contributions to Economics)

Köhn, Julia

Springer International Publishing AG（2017/07発売）

• 製本 Hardcover:ハードカバー版／ページ数 199 p.
• 言語 ENG
• 商品コード 9783319553504
• DDC分類 300.1

Full 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.

Contents

Part I: Uncertainty in economic thought.- Uncertainty in the history of economic thought.- Truth, probability and uncertainty.- The principles of economics.- Probability and neoclassical uncertainty.- Part II: Philosophies of uncertainty.- The origin of the profit.- Uncertainty and economic instability.-The division of knowledge and unknowledge.-  The nature of economics.- Part III: Methodology of uncertainty.- Extending the boundaries of economics.- Uncertainty and fiction.- Human after all.