J.M. Keynes Versus F.H. Knight
ISBN:
9789811379994
Auflage:
1st ed. 2019
Verlag:
Springer Singapore
Land des Verlags:
Malaysia
Erscheinungsdatum:
10.07.2019
Reihe:
Evolutionary Economics and Social Complexity Science
Format:
Hardcover
Seitenanzahl:
157
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This book critically discusses and systematically compares J.M. Keynes and F. H. Knight, two giants in the history of economic thought. In 1921 they both published apparently similar books on risk, probability, and uncertainty. However, while Knight's contribution on risk and uncertainty is now well recognized, Keynes's work on probability and uncertainty has been somewhat ignored in the shadow of his more famous The General Theory of Employment, Interest and Money (1936). Focusing on an earlier yet equally important volume by Keynes, A Treatise on Probability (1921), this book sheds a light on his outstanding ideas and the lasting influence on his later works, including The General Theory. There are few books that systematically discuss Keynes and Knight, although there are remarkable comparisons between Keynes's concept of probability and uncertainty and Knight's distinction between a measurable risk and a non-measurable uncertainty. This timely book unifies Keynes and Knight into a new, comprehensive approach to a very complex human behavior
Schlagwörter
Biografische Anmerkung
Yasuhiro Sakai, Center for Risk Research, Department of Economics, Shiga University
