Uncertainty in Economics and Other Reflections

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Cambridge University Press, Aug 26, 2010 - Business & Economics - 288 pages
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This book is a collection of some of Professor Shackle's papers written between 1939 and 1953 is largely concerned with the problems of 'expectation' and 'uncertainty' and with reducing these universal factors to some sort of plausible rules. Also included are essays on interest rates, on investment and employment, and on the philosophy of economics. This book, by one of the finest economic writers of his time, will appeal to anyone with an interest in the history of economics.
 

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Contents

Probability and uncertainty
3
I
17
The logic of surprise
56
A nonadditive measure of uncertainty
68
Three versions of the 0surface
75
The nature of interestrates
105
Interestrates and the pace of investment
128
The multiplier in closed and open systems
147
a survey of the theory of
157
Myrdals analysis of monetary equilibrium
176
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