Uncertainty in Economics

A New Approach
Softcover Nachdruck of the original 1. Auflage 2017
ISBN: 978-3-319-85635-3
Verlag: Springer International Publishing

Buch, Englisch, 199 Seiten, Paperback, Format (B × H): 155 mm x 235 mm, Gewicht: 330 g

Reihe: Contributions to Economics

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.

Zielgruppe

Research

Autoren/Hrsg.

Köhn, Julia

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geschichte der VWL
• Wirtschaftswissenschaften Betriebswirtschaft Management Risikomanagement
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie

Inhaltsverzeichnis

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.

Über Autor(innen)

Julia Köhn studied Business, Economics & Philosophy at Witten/Herdecke University and at the Erasmus Institute for Economics and Philosophy at the Erasmus University Rotterdam. She is scholar of the Konrad-Adenauer Foundation and member of the Think Thank “New Social Market Economy” as well as the Young Scholars Initiative of the Institute for New Economic Thinking in New York.