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OverviewThis book is set against the assumption that humans' unique feature is their infinite creativity, their ability to reflect on their deeds and to control their actions. These skills give rise to genuine uncertainty in society and hence in the economy. Here, the author sets out that uncertainty must take centre stage in all analyses of human decision making and therefore in economics. Uncertainty and Economics carefully defines a taxonomy of uncertainty and argues that it is only uncertainty in its most radical form which matters to economics. It shows that uncertainty is a powerful concept that not only helps to resolve long-standing economic puzzles but also unveils serious contradictions within current, popular economic approaches. It argues that neoclassical, real business cycle, or new-Keynesian economics must be understood as only one way to circumvent the analytical challenges posed by uncertainty. Instead, embracing uncertainty offers a new analytical paradigm which, in this book, is applied to standard economic topics such as institutions, money, the Lucas critique, fiscal policy and asset pricing. Through applying a concise uncertainty paradigm, the book sheds new light on human decision making at large. Offering policy conclusions and recommendations for further theoretical and applied research, it will be of great interest to postgraduate students, academics and policy makers. Full Product DetailsAuthor: Christian Müller-KademannPublisher: Taylor & Francis Ltd Imprint: Routledge Weight: 0.250kg ISBN: 9780367662813ISBN 10: 0367662817 Pages: 122 Publication Date: 30 September 2020 Audience: College/higher education , Tertiary & Higher Education , Undergraduate Format: Paperback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsPreface. Acknowledgements. Introduction. 1. What's uncertainty, after all? 2. Uncertainty in economics. 3. Uncertainty in the economy. 4. The empirics of uncertainty. 5. Conclusion. Bibliography. Index.ReviewsEssential reading for everyone who is willing to take uncertainty in economics seriously! , Prof. Dr. Joachim Guntzel, Baden-Wurttemberg Cooperative State University, Ravensburg, Germany """Essential reading for everyone who is willing to take ""uncertainty"" in economics seriously!"", Prof. Dr. Joachim Güntzel, Baden-Württemberg Cooperative State University, Ravensburg, Germany" Author InformationChristian Müller-Kademann is Privatdozent of Economics at Jacobs University in Bremen, Germany. He received his first degree from Hull University, UK before graduating from Humboldt University, Berlin with a diploma in economics, after which he began his PhD in economics and econometrics. Tab Content 6Author Website:Countries AvailableAll regions |
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