: Introduction and Summary -- Chapter 2: On the Economics of Risk and Uncertainty:A Historical Perspective -- Chapter 3: J.M. Keynes … on J.M. Keynes and F.H. Knight: Risk, Ambiguity, and Uncertainty -- Part 2: Market and Application -- Chapter 5 … economic thought. In 1921 they both published apparently similar books on risk, probability, and uncertainty. However, while …

Despite their common emphasis upon uncertainty as a key economic variable, Frank Knight and John Maynard Keynes viewed … role in ensuring the smooth operation of a system of otherwise free markets. Ethics and Uncertainty explores how two … economists, who both placed 'uncertainty' at the heart of their economic theories, come to drastically different and opposing …

although risk can be measured, uncertainty cannot be measured. Even though risk can be measured, a simple symmetric measure … attempt at "measuring" risk or (fundamental) uncertainty is flawed. … surge in the stock market would be self-correcting. Recent papers have discussed the role of "uncertainty" and its …

of risk, both being associated to the stresses supported by the socio-economic system. We propose instruments for … resilience build-up and management based on a novel classification of risk and resilience management regimes corresponding to the … system's degree of uncertainty/predictability and stress level within it. Four main quadrants are identified: Ad hoc …