Uncertainty in economics a new approach

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Uncertainty in economics a new approach

Contributions to EconomicsJulia KohnUncertainty inEconomicsA New Approach■ỹ) SpringerContributions to EconomicsMore information about this series at h

Uncertainty in economics a new approachhttp://www.springer.com/series/1262Julia KohnUncertainty in EconomicsA New Approach0 springerJulia KohnBerlin. GermanyISSN 1431-1933 e-ISSN 2197-7178C

ontributions to EconomicsISBN 978-3-319-55350-4 e-ISBN 978-3-319-55351-1DOI 10.1007/978-3-319-55351-1Library of Congress Control Number: 2017942769© S Uncertainty in economics a new approach

pringer International Publishing AG 2017This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the

Uncertainty in economics a new approach

material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm

Contributions to EconomicsJulia KohnUncertainty inEconomicsA New Approach■ỹ) SpringerContributions to EconomicsMore information about this series at h

Uncertainty in economics a new approachimilar methodology now known or hereafter developed.The use of general descriptive names, registered names, trademarks, senice marks, etc. in this pub

lication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and Uncertainty in economics a new approach

therefore free for general use.The publisher, the authors and the editors are safe to assume that the advice and information in this book are believe

Uncertainty in economics a new approach

d to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with r

Contributions to EconomicsJulia KohnUncertainty inEconomicsA New Approach■ỹ) SpringerContributions to EconomicsMore information about this series at h

Uncertainty in economics a new approachional claims in published maps and institutional affiliations.Printed on acid-free paperThis Springer imprint is published by Springer NatureThe regis

tered company is Springer International Publishing AGThe registered company address is: Gewerbestrasse 11. 6330 Cham. SwitzerlandPrefaceIn mainstream Uncertainty in economics a new approach

economic theory, uncertainty is closely linked to the theory of economic choice. Particularly, since the 1950s the epistemic aspect of uncertainty dom

Uncertainty in economics a new approach

inates the intellectual debates and uncertainty became modelled as a subjective probability belief of a rational economic agent. Several attempts have

Contributions to EconomicsJulia KohnUncertainty inEconomicsA New Approach■ỹ) SpringerContributions to EconomicsMore information about this series at h

Uncertainty in economics a new approachry. The overarching goal of this book is to seek a comprehensive understanding of the economic theory of uncertainty and to appraise it critically. Ba

sed on this. I aim to develop a theory of economic uncertainty that integrates epistemological and ontological aspects of uncertainty. This book is ba Uncertainty in economics a new approach

sed on my dissertation, which was supervised by Professor Birger Priddat (Department of Economics) at Witten Herdecke University.Therefore, I firstly

Uncertainty in economics a new approach

should establish that ontological aspects of uncertainty are similarly important as epistemic ones. In Part I of Illis book. I therefore analyse the c

Contributions to EconomicsJulia KohnUncertainty inEconomicsA New Approach■ỹ) SpringerContributions to EconomicsMore information about this series at h

Uncertainty in economics a new approacheconomic professions’ attempt to become acknowledged as a science, the more problematic aspect of ontological uncertainty became neglected and the sub

jective probability approach to uncertainty became dominant in economic theory.Secondly, I will explore the ontological facets of uncertainty in Part Uncertainty in economics a new approach

II. Here, I criticallyapprai.se theories of uncertainty that emphasise tile ontological character of uncertainty. It will become obvious that, even th

Uncertainty in economics a new approach

ough, these theories are not part of the mainstream in economics, they contain significant critiques on the mainstream approach, which explain the bli

Contributions to EconomicsJulia KohnUncertainty inEconomicsA New Approach■ỹ) SpringerContributions to EconomicsMore information about this series at h

Uncertainty in economics a new approachvistic and instrumentalist philosophy of the science of economics inhibits a New Economic Uncertainty Paradigm, which could reflect both the epistemic

and ontological aspects of uncertainty and its implications for economic behaviour.Based on these findings. I develop a new approach to the methodolo Uncertainty in economics a new approach

gy of economics in Part III. which legitimises a New Uncertainty Paradigm in economics. The analysis suggests that taking uncertainty seriously in eco

Uncertainty in economics a new approach

nomics calls for a fundamental change in the methodology of economics, in which reasonable fiction replaces rational probabilities.ReferencesGigerenze

Contributions to EconomicsJulia KohnUncertainty inEconomicsA New Approach■ỹ) SpringerContributions to EconomicsMore information about this series at h