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The Meaning of Uncertainty

Athol Fitzgibbons

in Keynes's Vision: A New Political Economy

Published in print:
1990
Published Online:
November 2003
ISBN:
9780198283201
eISBN:
9780191596254
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198283202.003.0005
Subject:
Economics and Finance, History of Economic Thought

Examines the meaning of uncertainty in the General Theory and elsewhere, and compares the theory of uncertainty with the theory of probability in the Treatise on Probability.


Post-Keynesian Economics

Piet Keizer

in Multidisciplinary Economics: A Methodological Account

Published in print:
2015
Published Online:
June 2015
ISBN:
9780199686490
eISBN:
9780191797651
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199686490.003.0008
Subject:
Economics and Finance, History of Economic Thought

In contrast to Marx, Keynes interprets reality as an open system, in which humans are quite uncertain about future developments. They are not economic machines; changes in their mood—animal ... More


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