Despite their common emphasis upon uncertainty as a key economic variable, Frank Knight and John Maynard Keynes viewed … differing views regarding the role of economic theory as applied to the real world. William Greer reveals that the intellectual … role in ensuring the smooth operation of a system of otherwise free markets. Ethics and Uncertainty explores how two …

experimental economics, the methodology of economics, political theory, and political economy …

settings in many countries are projected to lead to unsustainable levels of public debt; Tax Policy and Uncertainty explores … models that allow for feedbacks and uncertainty to combat this. Applicable to any country, the models in the book explore the … focusing on fiscal policy will appreciate the improved models in this book that allow both for uncertainty and feedback effects …

Recently there has been a resurgence of interest in the study of optimal monetary policy under uncertainty. This book …

One of the unforeseen consequences of the WTO agreements has been controversy over risk. This volume explores aspects … of risk with special reference to the WTO, where national instruments to reduce risk may conflict with international … trade rules. The book is divided into sections dealing with: accounting for risk in trade agreements; risk and the WTO …

Edition, McGraw-Hill. -- Lando, D. (2004), Credit Risk Modeling: Theory and Applications, Princeton University Press … Unknowable in Financial Risk Management: Measurement and Theory Advancing Practice, Chapter 1, Princeton, NJ: Princeton …-91 -- William F. Sharpe (1964), 'Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk', Journal of Finance …

This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment …, financial imperfections and uncertainty. After reviewing the capital market imperfections literature and the empirical results …, the authors discuss both traditional investment models with uncertainty and the more modern option based models. They …

adding to the existing thought in this area, with insights from game theory, rational choice under uncertainty and new … extension to the standard neo-classical economic tools. Capital and Uncertainty is a non-mathematical text, modernizing and … exposition of the risk/return trade-off and how major capital investment decisions are made within firms. Topics studied include …

neoclassical theory to deal with uncertainty and risk aversion is based upon a string of assumptions which are empirically false … uncertainty and risk aversion which resolves problems left unsolved by Keynes in a manner consistent with his work. Keynes …In Finance, Investment and Macroeconomics, Myron J. Gordon advances a theory of finance and investment under …

, poverty, resource degradation and decision-making under uncertainty. The book explores the allocation of resources in jointly …-dependent economies. The final part considers the way that decision makers handle the uncertainty that is an integral feature of the …