Time, Ignorance, and Uncertainty in Economic Models

Time, Ignorance, and Uncertainty in Economic Models

Editorial Reviews
Book Description
Emerging from the tradition of Marshall, Knight, Keynes, and Shackle, Time, Ignorance, and Uncertainty in Economic Models is concerned with the character of formal economic analysis when the notions of logical or mechanical time and probabilistic uncertainty and the relatively complete knowledge basis it requires, are replaced, respectively, by historical time, and nonprobabilistic uncertainty and ignorance. Examining that analytical character by constructing and exploring particular models, this book emphasizes doing actual economic analysis in a framework of historical time, nonprobabilistic uncertainty, and ignorance.

Time, Ignorance, and Uncertainty in Economic Models,Donald W. Katzner,University of Michigan Press,0472109383,Business & Economics,Business / Economics / Finance,Business/Economics,Development - Economic Development,Econometrics,Economics - Microeconomics,Ignorance (Theory of knowledge,Ignorance (Theory of knowledge),Information theory in economic,Information theory in economics,Mathematical Economics,Mathematical models,Time and economic reactions,Uncertainty (Information theor,Uncertainty (Information theory),Business & Economics / Economics / General,Economic forecasting,Economic theory & philosophy

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