Uncertainty in Economics: And Other Reflections |
Contents
Probability and uncertainty | 3 |
I | 17 |
The logic of surprise | 56 |
Three versions of the psurface | 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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Uncertainty in Economics, and Other Reflections G L S (George Lennox Shar Shackle No preview available - 2021 |
Common terms and phrases
actual aggregate allowance amongst amount answer assigned assume assumption banknotes bonds capital circumstances column concept concerned consider consume consumption course course of action curve decide decision decision-maker direct economic economist effect enterpriser equal equilibrium equipment essential event expectations experiment expression extra fact feel firms frequency-ratios function future gain give given greater hypotheses idea imagined important income increase increment individual interest interest-rate interval investment kind knowledge less logical loss marginal matter means measure ment mind multiplier nature outcome output particular perhaps person positive possible potential surprise present probability production profit proportion quantity question reason receive regard represent respect result rival saving sense situation suggested suppose theory things thought trial true uncertainty unit variable whole yield zero