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Search Results for shared uncertainty
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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...
History of Political Economy (2013) 45 (1): 1–38.
Published: 01 March 2013
... how the shared identification of uncertainty as a major problem, their similar interpretation of rationality as the ability to select and use relevant information, and their embrace of certain methodological norms for the construction of economic theory (that it should be empirically grounded...
History of Political Economy (1999) 31 (1): 1–28.
Published: 01 March 1999
..., by goods (wealth) and by persons” (Knight 1933, xxv),1 and the deﬁnition of the enterprise (or entrepreneur) as interface between the market for products and the market for productive services. Just as he shared Say’s concept of production as an exchange of productive ser- vices against products, so...
History of Political Economy (1999) 31 (1): 29–52.
Published: 01 March 1999
... found in the uncertainty of modern life the freedom to cre- ate a unitary self in the midst of social fragmentation and alienation. Megill argues that postmodernism shares with aesthetic modernism its concerns about the impact of subjective knowledge and alienation from the social order of modernity...
History of Political Economy (1995) 27 (Supplement): 53–60.
Published: 01 December 1995
... statement is a misplaced focus. Instead of emphasizing the presumed objective logic of a probability-based philosophy of science, an idea that Keynes and Jeffreys share, these scholars should emphasize the idea that the probability relation may not be defined for all pairs of hypotheses and evidence...
History of Political Economy (2020) 52 (S1): 1–9.
Published: 01 December 2020
... in relation to engineering; and third, to explore some of what I see as the main similarities and differences between engineering and economics. Preliminaries Uncertainty is pervasive in the world, and it introduces a signicant dis- tinction between the scientic knowledge produced in and outside...
History of Political Economy (1986) 18 (1): 171–173.
Published: 01 March 1986
...- ing the share of profits in income distribution, especially as Kaldor’s original ‘Keynesian’ income distribution model is noted. The book surveys the various explanations of profits offered at different times by economists-profits as a factor payment, as a reward for innovation, as pay...
History of Political Economy (1980) 12 (1): 65–82.
Published: 01 March 1980
... of asset valuation under uncertainty, it is common to assume that all decisionmakers share identical estimates of all relevant probability distributions of outcomes. Fisher’s empha- sis on the subjective nature of uncertainty makes evident the particu- larity of the assumption of homogeneous...
History of Political Economy (1980) 12 (3): 372–382.
Published: 01 September 1980
...Mark Stohs Copyright © 1980 by Duke University Press 1980 History of Political Economy 12:3 @ 1980 by Duke University Press ‘Uncertainty’ in Keynes’ General Theory Mark Stohs , University of Nebraska-Lincoln...
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...
History of Political Economy (1987) 19 (4): 551–569.
Published: 01 November 1987
... 13 ( Jan ): 69 -83. Reid Jr Joseph D. 1976b . ‘Sharecropping and agricultural uncertainty.’ Economic Development and Cultural Change 24 ( April ): 549 -76. Reid Jr. Joseph D. 1977a . ‘The theory of share tenancy revisited—again.’ Journal of Political Economy 85 ( April...
History of Political Economy (2001) 33 (4): 743–772.
Published: 01 November 2001
... . Turin: UTET. Baccini, A. 1995 . Edgeworth sui fondamenti della probabilità e delle decisioni in condizioni di incertezza. Ph.D. diss. , University of Florence. ____. 1997 . Edgeworth on the Fundamentals of Choice under Uncertainty. History of Economic Ideas 2 : 7 -31. ____. 2001...
History of Political Economy (2014) 46 (4): 609–640.
Published: 01 November 2014
...” values ([Cantillon] 1755, pt. 1, chaps. 10, 13, 14). In the vision of this Irish/French economist the combined activities of entrepre- neurs form an adaptable social “machine of circulation of traffic” that “is commonly carried on with uncertainty, and [in which] every thing finds its own...
History of Political Economy (1985) 17 (4): 619–635.
Published: 01 November 1985
... interpretation of his theory changed over time, even though its external appearance was unaltered. His moving equilibrium was defined for an economy in which uncertainty over future conditions was always present, and thus some firms did better than expected while others did worse. It represented...
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...
History of Political Economy (1986) 18 (2): 335–349.
Published: 01 June 1986
... the heading ofprice uncertainty, and so it is in this way that mainstream Keynesian tradition has interpreted his message. Hicks, in his ‘Suggestion’ article, conceived the role of this analysis of stock equilibrium and asset prices differently insofar as the determinants of the demand for money...
History of Political Economy (2018) 50 (1): 1–48.
Published: 01 March 2018
... scholars shared the idea that uncertainty had a strong impact on human choice and economic policymaking.10 Like Hurwicz and other European émigrés, Marschak had experienced the world’s social and political insta- bilities and contingencies (Arrow 1978; Cherrier 2010). From his point of 9...
History of Political Economy (1975) 7 (4): 530–548.
Published: 01 November 1975
...E. Roy Weintraub Copyright © 1975 by Duke University Press 1975 Roy Weintraub is Associate Professor of Economics, Duke University. [HOPE Vol. 7 (1975) No. 41 “Uncertainty’’ and the Keynesian Revolution E. Roy Weintraub...
History of Political Economy (1989) 21 (1): 155–158.
Published: 01 March 1989
... views on investment decisions, employment and output, and on the functioning of markets under uncertainty, to the policy discus- sions of Part IV. The first paper, on inflation, was first published in 1974. In a discussion of the independence of the price level from the level of output, the date...
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.  1985 . Risk, Uncertainty, and Profit . Chicago: Midway; University of Chicago Press. Lakoff , George , and Mark...