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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
J.M. Keynes Versus F.H. Knight: Risk, Probability, and Uncertainty

J.M. Keynes Versus F.H. Knight: Risk, Probability, and Uncertainty

Sakai, Yasuhiro

Paperback

Series: Evolutionary Economics and Social Complexity Science, Book 18

Economics

ISBN10: 9811380023
ISBN13: 9789811380020
Publisher: Springer
Published: Aug 14 2020
Pages: 157
Weight: 0.56
Height: 0.38 Width: 6.14 Depth: 9.21
Language: English
This book critically discusses and systematically compares J.M. Keynes and F. H. Knight, two giants in the history of economic thought. In 1921 they both published apparently similar books on risk, probability, and uncertainty. However, while Knight's contribution on risk and uncertainty is now well recognized, Keynes's work on probability and uncertainty has been somewhat ignored in the shadow of his more famous The General Theory of Employment, Interest and Money (1936). Focusing on an earlier yet equally important volume by Keynes, A Treatise on Probability (1921), this book sheds a light on his outstanding ideas and the lasting influence on his later works, including The General Theory. There are few books that systematically discuss Keynes and Knight, although there are remarkable comparisons between Keynes's concept of probability and uncertainty and Knight's distinction between a measurable risk and a non-measurable uncertainty. This timely book unifies Keynes and Knight into a new, comprehensive approach to a very complex human behavior

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