The Economics Of Time And Ignorance
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| Author | : Gerald P O'Driscoll Jr |
| Publisher | : Routledge |
| Total Pages | : 469 |
| Release | : 2014-12-05 |
| Genre | : Business & Economics |
| ISBN | : 1317691350 |
Austrian Economics Re-examined: The Economics of Time and Ignorance is an expanded version of the 1996 edition of The Economics of Time and Ignorance. This work is a classic statement of the role of subjectivism, radical uncertainty and change through real time in Austrian economics specifically, and in modern economics more generally. The new book contains the full text and Introductions of the earlier edition as well as the comprehensive previously-unpublished essay "What is Austrian Economics?" and a new Introduction. The essay is a comprehensive overview of the central themes of the book from a somewhat different perspective than in the book itself. It supplements the analysis in the book. The new Introduction explains that the 2007-8 financial crisis and recent developments in behavioural economics have made the book more relevant than ever before. Austrian Economic Re-examined develops and systematizes the fundamental principles of the Austrian tradition to the analysis of rational expectations, business cycles, monetary theory competition and monopoly, and capital theory. The Open Access version of this book, available at https://www.taylorfrancis.com/books/oa-edit/10.4324/9781315776736, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.
| Author | : Gerald P O'Driscoll Jnr |
| Publisher | : Routledge |
| Total Pages | : 300 |
| Release | : 2002-09-11 |
| Genre | : Business & Economics |
| ISBN | : 1134808895 |
The Economics of Time and Ignorance is one of the seminal works in modern Austrian economics. Its treatment of historical time and of uncertainty helped set the agenda for the remarkable revival of work in the Austrian tradition which has led to an ever wider interest in the once heretical ideas of Austrian economics. It is here reprinted with a substantial new introductory essay, outlining the major developments in the area since its original publication a decade ago.
| Author | : Donald W. Katzner |
| Publisher | : University of Michigan Press |
| Total Pages | : 502 |
| Release | : 1998 |
| Genre | : Business & Economics |
| ISBN | : 0472109383 |
Formal economic analysis using Shackle's ideas of historical time and nonprobabilistic uncertainty
| Author | : Gerald P O'Driscoll Jnr |
| Publisher | : Routledge |
| Total Pages | : 389 |
| Release | : 2002-09-11 |
| Genre | : Business & Economics |
| ISBN | : 1134808887 |
The Economics of Time and Ignorance is one of the seminal works in modern Austrian economics. Its treatment of historical time and of uncertainty helped set the agenda for the remarkable revival of work in the Austrian tradition which has led to an ever wider interest in the once heretical ideas of Austrian economics. It is here reprinted with a substantial new introductory essay, outlining the major developments in the area since its original publication a decade ago.
| Author | : Roger W Garrison |
| Publisher | : Routledge |
| Total Pages | : 289 |
| Release | : 2000-10-19 |
| Genre | : Business & Economics |
| ISBN | : 1134895909 |
Time and Money argues persuasively that the troubles which characterise modern capital-intensive economies, particularly the episodes of boom and bust, may best be analysed with the aid of a capital-based macroeconomics. The primary focus of this text is the intertemporal structure of capital, an area that until now has been neglected in favour of labour and money-based macroeconomics.
| Author | : Esteban F. Thomsen |
| Publisher | : Routledge |
| Total Pages | : 159 |
| Release | : 2002-01-22 |
| Genre | : Business & Economics |
| ISBN | : 1134915578 |
The growth of information economics has lead to a substantial re-consideration of the role of prices. Instead of the conventional neo-classical view of prices as straightforward indicators of scarcity, information economics emphasises that prices can be sources from which agents infer information and means by which they communicate. Prices and Knowledge analyses different theoretical approaches to the role of prices in situations of imperfect information. It shows that whilst the `informational efficiency' approach of Grossman and Stiglitz and the `bounded rationality theory' of Nelson and Simon are useful, neither goes far enough in considering situations of disequilibrium.
| Author | : Russell Hardin |
| Publisher | : Princeton University Press |
| Total Pages | : 241 |
| Release | : 2009-04-26 |
| Genre | : Education |
| ISBN | : 0691137552 |
How do ordinary people come to know or believe what they do? You might think I am acting irrationally--against my interest or my purpose--until you realize that what you know and what I know differ significantly. My actions, given my knowledge, might make eminently good sense. Of course, this pushes our problem back one stage to assess why someone knows or believes what they do. That is the focus of this book. Russell Hardin supposes that people are not usually going to act knowingly against their interests or other purposes. To try to understand how they have come to their knowledge or beliefs is therefore to be charitable in assessing their rationality. Hardin insists on such a charitable stance in the effort to understand others and their sometimes objectively perverse actions. -- Publisher details.
| Author | : Olivier Compte |
| Publisher | : Cambridge University Press |
| Total Pages | : 303 |
| Release | : 2019 |
| Genre | : Business & Economics |
| ISBN | : 1108422020 |
Proposes novel methods to incorporate ignorance and uncertainty into economic modeling without complex mathematics.
| Author | : Karen I. Vaughn |
| Publisher | : Cambridge University Press |
| Total Pages | : 218 |
| Release | : 1998-01-28 |
| Genre | : Business & Economics |
| ISBN | : 9780521637657 |
This book examines the development of the ideas of the new Austrian school from its beginnings in Vienna in the 1870s to the present. It focuses primarily on showing how the coherent theme that emerges from the thought of Carl Menger, Ludwig von Mises, Friedrich Hayek, Ludwig Lachmann, Israel Kirzner and a variety of new younger Austrians is an examination of the implications of time and ignorance (or processes and knowledge) for economic theory.
| Author | : John Weeks |
| Publisher | : Anthem Press |
| Total Pages | : 246 |
| Release | : 2014-01-20 |
| Genre | : Business & Economics |
| ISBN | : 0857281151 |
How much do economists really know? In most cases, they claim to have profound knowledge but in fact understand little and obscure almost everything. Most people are convinced that economics should be left to the ‘experts’, when they themselves are perfectly capable of understanding it. This book explains that mainstream economics serves the interests of the rich through its logical inconsistency and unabashedly reactionary conclusions. John F. Weeks exposes the myths of mainstream economics and explains in straightforward language why current policies fail to serve the vast majority of people in the United States, Europe and elsewhere. Their failure to serve the interests of the many results from their devoted service to the few.
