Uncertainty in Economics: A History (Springer Studies in the History of Economic Thought)
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- Synopsis
- This book introduces the economic theories that have placed uncertainty at the core of economic discourse. Covering the works of John Maynard Keynes and Frank Knight, as well as those of John von Neumann, Oskar Morgenstern, and Leonard Savage, it reconstructs the complex history of how economists have analyzed uncertainty, as distinct from risk, in the twentieth century. The text delves into the question of the extent to which uncertainty is a measurable entity, focusing on the perspective of those authors who have attempted to demonstrate its irreducibility to risk, with particular regard to Daniel Ellsberg and the ensuing current decision theory. The book will appeal to scholars of the history of economic thought, as well as students of advanced microeconomics, decision theory, game theory, and history of economic thought.
- Copyright:
- 2025
Book Details
- Book Quality:
- Publisher Quality
- ISBN-13:
- 9783031912214
- Related ISBNs:
- 9783031912207
- Publisher:
- Springer Nature Switzerland
- Date of Addition:
- 06/23/25
- Copyrighted By:
- The Editor
- Adult content:
- No
- Language:
- English
- Has Image Descriptions:
- No
- Categories:
- History, Nonfiction, Business and Finance, Mathematics and Statistics
- Submitted By:
- Bookshare Staff
- Usage Restrictions:
- This is a copyrighted book.
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