Can I read Time Lgnorance And Uncertainty In Economic Models on EtoBox?

Time Lgnorance And Uncertainty In Economic Models by Katzner, Donald W. , 1938-, Donald W. Katzner is a book available to read on EtoBox.

What is Time Lgnorance And Uncertainty In Economic Models about?

Emerging from the tradition of Marshall, Knight, Keynes, and Shackle, Time, Ignorance, and Uncertainty in Economic Models is concerned with the character of formal economic analysis when the notions of logical or mechanical time and probabilistic uncertainty and the relatively complete knowledge basis it requires, are replaced, respectively, by historical time, and nonprobabilistic uncertainty and ignorance. Examining that analytical character by constructing and exploring particular models, this book emphasizes doing actual economic analysis in a framework of historical time, nonprobabilistic uncertainty, and ignorance. Donald W. Katzner begins with an extensive investigation of the distinction between potential surprise and probability. He presents a modified version of Shackle's model of decision-making in ignorance and examines in considerable detail its \"comparative statics\" and operationality properties. The meaning of aggregation and simultaneity under these conditions is also explored, and Shackle's model is applied to the construction of models of the consumer, the firm, microeconomics, and macroeconomics. Katzner concludes with discussions of the roles of history, hyste

Author

Katzner, Donald W. , 1938-, Donald W. Katzner

Publisher

The University of Michigan Press

Published

1998

Language

EN

ISBN

9780472109388

Subjects

Economics, Business