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quality uncertainty

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Journal Article
History of Political Economy (2015) 47 (3): 511–534.
Published: 01 September 2015
...Sylvie Lupton This article highlights the contributions of early economic thought to quality uncertainty. Both Roman law regarding fraud and medieval thinkers (such as Vacarius, Thomas Aquinas, Henry of Ghent, and Astesanus of Asti) scrutinized asymmetric information and shared uncertainty...
Journal Article
History of Political Economy (2015) 47 (4): 687–689.
Published: 01 December 2015
... Quality Uncertainty in Early Economic Thought 511 Luca Michelini and Economics and Anti-Semitism: Terenzio Maccabelli The Case of Maffeo Pantaleoni  91 Nikolay Nenovsky and Reconstructing Eclecticism: Pencho Penchev...
Journal Article
History of Political Economy (2018) 50 (S1): 303–322.
Published: 01 December 2018
... . 1970 . “ The Market for ‘Lemons’: Quality Uncertainty and the Market Mechanism .” Quarterly Journal of Economics 84 ( 3 ): 488 – 500 . Akerlof George . 1984 . An Economic Theorist’s Book of Tales . Cambridge : Cambridge University Press . Akerlof George Shiller Robert J...
Journal Article
History of Political Economy (2015) 47 (suppl_1): 1–19.
Published: 01 December 2015
... for ‘Lemons’: Quality Uncertainty and the Market Mechanism.” Quarterly Journal of Economics 84 : 477 – 500 . Backhaus J. G. Wagner R. E. . 2005 . “From Continental Public Finance to Public Choice: Mapping Continuity.” In The Role of Government in the History of Economic Thought , edited...
Journal Article
History of Political Economy (1999) 31 (1): 29–52.
Published: 01 March 1999
... and the Entrepreneur? Agnostic Modernism in Risk, Uncertainty, and Profit The presence of both the Economist and the Entrepreneur provides RUP with a quality unique among the major texts of modernist eco- nomics. On the one side, we have Knight’s defense of the Economist as Knower within the boundaries...
Journal Article
History of Political Economy (1979) 11 (2): 271–285.
Published: 01 June 1979
....” Journal of Polltical Economy 48 , no. 3 ( 1940 ): 428 -33. Borch , K. “The Place of Uncertainty in the Theories of the Austrian School.” In Hicks and Weber 1973 . Buechner , M. Northrup . “Frank Knight on Capital as the Only Factor of Production.” Journal of Economic Issues 10...
Journal Article
History of Political Economy (2020) 52 (S1): 1–9.
Published: 01 December 2020
... based on their worth. I use the word ingeniously to mean being inventive, resourceful, and skillful. I use the word worth to convey more than a mon- etary amount, that is, all aspects of quality as tness for purpose such as functionality, safety, resilience, and sustainability as well as economic value...
Journal Article
History of Political Economy (1996) 28 (1): 57–76.
Published: 01 March 1996
.... Klamer , Arjo , Donald M. McCloskey, and Robert M. Solow 1988 . The Consequences of Economic Rhetoric . Cambridge: Cambridge University Press. Knight , Frank H. [1921] 1985 . Risk, Uncertainty, and Profit . Chicago: Midway; University of Chicago Press. Lakoff , George , and Mark...
Journal Article
History of Political Economy (1989) 21 (4): 567–592.
Published: 01 November 1989
... restraints: an analysis of taxi markets. Journal of Political Economy 83233-94. , and T. R. Saving. 1977. Product quality, uncertainty, and regulation: the trucking industry.-American Economic Review 67583-94. Edgeworth, F. Y. 1881. Mathematical psychics. London. Ekelund, R. B., Jr. 1976...
Journal Article
History of Political Economy (1993) 25 (3): 413–433.
Published: 01 September 1993
... making of deci- sions” (359). Since he was writing Risk, Uncertainty and Projit in part to respond to those reformers who advocated social ownership of prop- erty, Knight investigated the quality of decision-making under condi- tions of uncertainty in a socialistic system. He highlighted two...
Journal Article
History of Political Economy (2020) 52 (S1): 168–190.
Published: 01 December 2020
...- mation as something a company was apt to swiftly lose to its competitors, in the case of medical care he regarded it as something that was almost impossible for a patient to obtain. He wrote, Uncertainty as to the quality Research and Development, Testing, and the Economics of Information 185...
Journal Article
History of Political Economy (2001) 33 (1): 117–138.
Published: 01 March 2001
... of Einstein’s emergence was enhanced by the exhaustion and chaos following the conclusion, just one year earlier, of the First World Warleaving mankind in a state of uncertainty. Just in these days a new figure appears abruptly, carrying the message of a new order in the universe.” 120 History of Political...
Journal Article
History of Political Economy (1999) 31 (1): 1–28.
Published: 01 March 1999
..., they emphasized a form of calculation—judgment—that allows eco- nomic agents to deal with uncertainty in the economic world. Say regarded judgment as a general moral quality, whose diffusion across society has to be encouraged. Accordingly, he insisted on the benefits of education and viewed everything...
Journal Article
History of Political Economy (2009) 41 (2): 271–295.
Published: 01 June 2009
... would be as follows. Say ([1803] 1841, 370) had distinguished two factors deciding the success, or lack of success, of an enterprise: fi rst, the human qualities of the entrepreneur; second, uncertainty, unforeseen events.2 Dunoyer takes over Say’s ideas and, like his teacher, notes...
Journal Article
History of Political Economy (2013) 45 (1): 1–38.
Published: 01 March 2013
...Antonella Rancan This article reconstructs Franco Modigliani’s and Herbert Simon’s close collaboration over the 1950s on implementation of a decision theory under uncertainty that partly contributed to the genesis of behavioral economics and rational expectations theory. Their collaboration reveals...
Journal Article
History of Political Economy (2004) 36 (4): 617–637.
Published: 01 November 2004
... of International Encyclopedia of the Social Sciences , edited by David L. Sills, 399 -411. New York: Macmillan. ____. [1977] 1979 . The So-Called Allais' Paradox and Rational Decisions under Uncertainty. In Expected Utility Hypotheses and the Allais' Paradox: Contemporary Discussions of Decisions under...
Journal Article
History of Political Economy (2013) 45 (suppl_1): 191–219.
Published: 01 December 2013
...Angus Burgin In 1977 John Kenneth Galbraith hosted the documentary series The Age of Uncertainty on public television; three years later Milton Friedman hosted a competing series, Free to Choose . This essay examines the development of these two projects, examining both the institutions...
Journal Article
History of Political Economy (1989) 21 (1): 155–158.
Published: 01 March 1989
... Bleichroeder ,Collection (donated in 1975 by the New York firm of Arnhold and S . Bleichroeder). The catalog contains descriptions of the 70 prints in the exhibit and reproductions of 17 of the prints. The descriptions are clear and informative and the quality of the reproductions is excellent...
Journal Article
History of Political Economy (1995) 27 (2): 237–260.
Published: 01 June 1995
.... Robbins , L. 1938a . An Essay on the Nature and Significance of Economic Science , 2d rev. ed. London: Macmillan. Robbins , L. 1938b . Interpersonal Comparisons of Utility: A Comment. Economic Journal 48 . Runde , J. 1991 . Keynesian Uncertainty and the Instability of Beliefs...
Journal Article
History of Political Economy (2010) 42 (3): 443–467.
Published: 01 September 2010
... on mathematization, experimentation, and interdisciplinarity as the proper methodology; his view of uncertainty as the main characteristic of the social environment; and his claim that economists should be “social engineers.” The development of such a vision is studied against the background of Marschak's biography...