Picture 1 of 1

Stock photo

Uncertainty in Economics - 9783319856353 - Picture 1 of 1

Uncertainty in Economics: A New Approach by Julia Koehn (Paperback, 2018)

BOOKS etc. (533335)

99.5% positive Feedback

Price:

£88.66

Free postage

Estimated delivery Thu, 3 Jul - Wed, 9 Jul

Returns:

60 days return. Buyer pays for return postage. If you use an eBay delivery label, it will be deducted from your refund amount.

Condition:

New

ISBN-13: 9783319856353, 978-3319856353. Uncertainty in Economics. A New Approach. Publisher: Springer International Publishing AG, Switzerland.

About this product

Product Information

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.