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Uncertainty in economicsa new approach /

Kohn, Julia.

Uncertainty in economicsa new approach /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Uncertainty in economicsby Julia Kohn.
Reminder of title:	a new approach /
Author:	Kohn, Julia.
Published:	Cham :Springer International Publishing :2017.
Description:	ix, 199 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
Subject:	Technological innovationsEconomic aspects.
Online resource:	http://dx.doi.org/10.1007/978-3-319-55351-1
ISBN:	9783319553511$q(electronic bk.)

Uncertainty in economicsa new approach /
Kohn, Julia.

Uncertainty in economicsa new approach /[electronic resource] :by Julia Kohn. - Cham :Springer International Publishing :2017. - ix, 199 p. :ill., digital ;24 cm. - Contributions to economics,1431-1933. - Contributions to economics..

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.

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.

ISBN: 9783319553511$q(electronic bk.)

Standard No.: 10.1007/978-3-319-55351-1doiSubjects--Topical Terms:

174814
Technological innovations
--Economic aspects.

LC Class. No.: HC79.T4

Dewey Class. No.: 338.064

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520 $a 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.
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