Uncertainty in economics : a new approach /: a new approach. (2017)

• Record Type: Book
• Further Information: Note: Julia Köhn.
• Authors: Köhn, Julia
• Contents: Preface; References; Contents; Chapter 1: Introduction; 1.1 Many Faces of Uncertainty; 1.2 Framing the Issue; 1.3 A Readers Guide: Outline and Structure of the Argument; References; Part I: Uncertainty in Economic Thought; Chapter 2: Uncertainty in the History of Economic Thought; 2.1 The Uncertain Fundament of Economics; 2.2 The Marginal Revolution and Probabilistic Utility Maximization; 2.3 From Reason to Rational Choice Theory; 2.4 Separating Uncertainty; 2.5 Subjective Probability Theory and Uncertainty; 2.6 The Janus-Face of Uncertainty in Economics; References. Chapter 3: Truth, Probability and Uncertainty3.1 The Changing Meanings of Probability; 3.2 Probabelism, Credibility and the Formalization of Science; 3.3 The Problem of Induction; 3.4 Conclusion; References; Chapter 4: The Principles of Economics; 4.1 Becoming the Science of Economics; 4.2 Rationality and Prediction; 4.3 Econometrics; 4.4 The Principles of Modern Economics; 4.5 Conclusion; References; Chapter 5: Probability and Neoclassical Uncertainty; 5.1 Between Objective and Subjective; 5.1.1 Classical Theory of Probability; 5.1.2 Frequency Theory of Probability. 5.1.3 Logical Theory of Probability5.1.3.1 Ethics and Probability; 5.1.3.2 Knowledge and Probability; 5.1.3.3 Logic and Probability; 5.1.3.4 Ramseyś Critique; 5.1.4 Subjective Theory of Probability; 5.2 The Neoclassical Uncertainty Paradigm; 5.2.1 Expected Utility and Subjectivity; 5.2.2 Rational Expectations and Efficient Markets; 5.2.3 Rational Expectations Models in Modern Economics; 5.2.3.1 Rational Expectation Models in Macroeconomics; 5.2.3.2 Rational Expectations and Financial Economics; 5.3 Conclusion; References; References; Part II: Philosophies of Uncertainty. Chapter 6: The Origin of Profit6.1 Uncertainty and Profit; 6.2 Uncertainty, Knowledge and Probability; 6.3 Uncertainty, Change and Instability; 6.4 Conclusion; References; Chapter 7: Uncertainty and Economic Instability; 7.1 Knowledge and Ignorance; 7.2 Uncertainty and Reason; 7.2.1 Conventional Knowledge; 7.2.2 Animal Spirits; 7.2.3 A Keynesian Model of Choice Under Conditions of Uncertainty; 7.3 Uncertainty, Instability and Science; 7.4 Conclusion; References; Chapter 8: The Division of Knowledge and Unknowledge; 8.1 The Nature of the Economic Problem; 8.2 Epistemology. 8.3 Uncertainty and the Price Mechanism8.4 Economics, Unknowledge and Surprise; 8.5 Surprise and the Non-Numerical Theory of Uncertainty; 8.6 Conclusion; References; Chapter 9: The Nature of Economics; 9.1 Realism and Ontology; 9.2 Open and Closed Systems; 9.2.1 Critical Realism, Systems and Explanation; 9.2.2 Structure and Dialectic; 9.2.3 Degrees of Uncertainty; 9.3 Non-randomness, Performativity and Uncertainty; 9.4 Conclusion; References; References; Part III: Methodology of Uncertainty; Chapter 10: Extending the Boundaries of Economics.
• Publisher Details: Cham : Springer
• Publication Date: 2017
• Extent: 1 online resource
• Subjects: 338/.064; Technological innovations -- Economic aspects; Research, Industrial; BUSINESS & ECONOMICS -- Industries -- General; Research, Industrial; Technological innovations -- Economic aspects; Economics; Heterodox Economics; Risk Management; Philosophy of the Social Sciences; Macroeconomics/Monetary Economics//Financial Economics; Electronic books
• Languages: English
• ISBNs: 9783319553511; 3319553518
• Related ISBNs: 9783319553504; 331955350X
• Notes: Note: Includes bibliographical references at the end of each chapters.; Note: Online resource; title from PDF title page (EBSCO, viewed July 12, 2017).
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.