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Read e-book online Uncertainty in Economics: A New Approach (Contributions to PDF

By Julia Köhn

during this booklet the writer develops a brand new method of uncertainty in economics, which demands a primary switch within the technique of economics. It offers a entire review and demanding appraisal of the industrial concept of uncertainty and exhibits that uncertainty used to be initially conceptualized either as an epistemic and an ontological challenge. a result of monetary professions’ try and turn into said as a technology, the extra troublesome element of ontological uncertainty has been missed and the subjective chance method of uncertainty turned dominant in financial idea. A cautious research of ontological theories of uncertainty explains the blindness of contemporary economics to financial phenomena resembling instability, slumps or over the top booms. in keeping with those findings the writer develops a brand new strategy that legitimizes a brand new Uncertainty Paradigm in economics.

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Uncertainty in Economics: A New Approach (Contributions to Economics) by Julia Köhn


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