Uncertainty in Economics and Other Reflections

This book is a collection of some of Professor Shackle's papers written between 1939 and 1953.

G. L. S. Shackle (Author)

9780521153317, Cambridge University Press

Paperback, published 26 August 2010

288 pages
21.6 x 14 x 1.7 cm, 0.37 kg

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.

Preface
Author's note for C. U. P. L. E. reprint
Acknowledgements
Bibliography
Part I. On Expectation and Uncertainty: 1. Probability and uncertainty
2. On the meaning and measure of uncertainty: I
3. On the meaning and measure of uncertainty: II
4. The logic of surprise
5. Expectation in Economics: some critics answered
6. A non-additive measure of uncertainty
7. Three versions of the ø-surface
8. The economist's view of profit
9. The nature and role of profit
Part II. On Interest-Rates: 10. The nature of interest-rates
11. Interest-rates and the pace of investment
Part III. On Investment and Employment: 12. The multiplier in closed and open systems
13. Twenty years on: a survey of the theory of the multiplier
14. Myrdal's analysis of monetary equilibrium
15. The deflative or inflative tendency of government receipts and disbursements
Part IV. On the Philosophy of Economics: 16. A chart of economic theory
17. Economics and sincerity
18. What makes an economist?
Index.

Subject Areas: Economics [KC]