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the methodology of economics. It provides a comprehensive overview and critical appraisal of the economic theory of …In this book the author develops a new approach to uncertainty in economics, which calls for a fundamental change in … uncertainty has been neglected and the subjective probability approach to uncertainty became dominant in economic theory. A …
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For many years, the ideas of Knight and Keynes have been widely understood to overlap greatly and they are presumed to have developed notions of uncertainty that deeply intersect, both describing a state where outcomes have non-probabilistic likelihoods. Further, even their political...
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