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Looking Ahead: The Future Of Post Keynesian Economics
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In my paper titled "What is Post Keynesian Economics" presented at the 4th International Post Keynesian Workshop at the University of Tennessee, I argued that Keynes's Treatise and the General Theory provided the groundwork for an intellectual revolution in economics. By questioning some basic assumptions and bringing money and fina ....
Middle of paper ....modeled in terms of probability distributions and because of this a difference needs to be made between uncertainty and risk where uncertainty is the general case and risk the particular. The real world economic system that entrepreneurs and consumers face is not a system that can be statistically controlled by probability theory or predicted .... |
Word count: 3250 |
Page count: 12 |
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