Probability foundations of economic theory:
Having summarized the three main, competing interpretations of probability, the book outlines why it is of such fundamental importance in economics, illustrating this with a comparison of Knight's and Keynes's very different conceptions. The third part of the book examines three very diffe...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
London u.a.
Routledge
1994
|
| Ausgabe: | 1. publ. |
| Schlagworte: | |
| Zusammenfassung: | Having summarized the three main, competing interpretations of probability, the book outlines why it is of such fundamental importance in economics, illustrating this with a comparison of Knight's and Keynes's very different conceptions. The third part of the book examines three very different schools of thought: the Austrians, Keynesian and the New Classical/Rational Expectations approach. It is shown that the Austrian theories and those of Keynes are consistent with subjectivism, individualism and with a view of decision-making as a process. This entails a form of necessarianism as a method of analysis. Rational Expectations, in contrast, is based on quantitative measurement and a need to reconstruct economic theory on instrumentalist grounds. This requires a frequentist approach to probability The result should be of interest to people working on the history of economic thought, the methodology and philosophy of economics, the theory of probability in economics, Austrian economics and Keynesian economics |
| Beschreibung: | XVI, 171 S. |
| ISBN: | 0415108675 |
Internformat
MARC
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| 520 | 3 | |a Having summarized the three main, competing interpretations of probability, the book outlines why it is of such fundamental importance in economics, illustrating this with a comparison of Knight's and Keynes's very different conceptions. The third part of the book examines three very different schools of thought: the Austrians, Keynesian and the New Classical/Rational Expectations approach. It is shown that the Austrian theories and those of Keynes are consistent with subjectivism, individualism and with a view of decision-making as a process. This entails a form of necessarianism as a method of analysis. Rational Expectations, in contrast, is based on quantitative measurement and a need to reconstruct economic theory on instrumentalist grounds. This requires a frequentist approach to probability | |
| 520 | |a The result should be of interest to people working on the history of economic thought, the methodology and philosophy of economics, the theory of probability in economics, Austrian economics and Keynesian economics | ||
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Datensatz im Suchindex
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| any_adam_object | |
| author | McCann, Charles R. 1956- |
| author_GND | (DE-588)124180256 |
| author_facet | McCann, Charles R. 1956- |
| author_role | aut |
| author_sort | McCann, Charles R. 1956- |
| author_variant | c r m cr crm |
| building | Verbundindex |
| bvnumber | BV009930874 |
| callnumber-first | H - Social Science |
| callnumber-label | HB199 |
| callnumber-raw | HB199 |
| callnumber-search | HB199 |
| callnumber-sort | HB 3199 |
| callnumber-subject | HB - Economic Theory and Demography |
| classification_rvk | QH 170 |
| ctrlnum | (OCoLC)29357717 (DE-599)BVBBV009930874 |
| dewey-full | 330.015192 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 330 - Economics |
| dewey-raw | 330.015192 |
| dewey-search | 330.015192 |
| dewey-sort | 3330.015192 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 1. publ. |
| format | Book |
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| id | DE-604.BV009930874 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T17:43:25Z |
| institution | BVB |
| isbn | 0415108675 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-006578715 |
| oclc_num | 29357717 |
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| owner_facet | DE-12 DE-19 DE-BY-UBM DE-384 DE-703 DE-11 DE-188 |
| physical | XVI, 171 S. |
| publishDate | 1994 |
| publishDateSearch | 1994 |
| publishDateSort | 1994 |
| publisher | Routledge |
| record_format | marc |
| spelling | McCann, Charles R. 1956- Verfasser (DE-588)124180256 aut Probability foundations of economic theory Charles R. McCann 1. publ. London u.a. Routledge 1994 XVI, 171 S. txt rdacontent n rdamedia nc rdacarrier Having summarized the three main, competing interpretations of probability, the book outlines why it is of such fundamental importance in economics, illustrating this with a comparison of Knight's and Keynes's very different conceptions. The third part of the book examines three very different schools of thought: the Austrians, Keynesian and the New Classical/Rational Expectations approach. It is shown that the Austrian theories and those of Keynes are consistent with subjectivism, individualism and with a view of decision-making as a process. This entails a form of necessarianism as a method of analysis. Rational Expectations, in contrast, is based on quantitative measurement and a need to reconstruct economic theory on instrumentalist grounds. This requires a frequentist approach to probability The result should be of interest to people working on the history of economic thought, the methodology and philosophy of economics, the theory of probability in economics, Austrian economics and Keynesian economics Economie gtt Methodologie gtt Waarschijnlijkheidstheorie gtt Methode Wirtschaft Economics Methodology Probabilities Wahrscheinlichkeitstheorie (DE-588)4079013-7 gnd rswk-swf Wirtschaftstheorie (DE-588)4079351-5 gnd rswk-swf Wahrscheinlichkeitstheorie (DE-588)4079013-7 s Wirtschaftstheorie (DE-588)4079351-5 s DE-604 |
| spellingShingle | McCann, Charles R. 1956- Probability foundations of economic theory Economie gtt Methodologie gtt Waarschijnlijkheidstheorie gtt Methode Wirtschaft Economics Methodology Probabilities Wahrscheinlichkeitstheorie (DE-588)4079013-7 gnd Wirtschaftstheorie (DE-588)4079351-5 gnd |
| subject_GND | (DE-588)4079013-7 (DE-588)4079351-5 |
| title | Probability foundations of economic theory |
| title_auth | Probability foundations of economic theory |
| title_exact_search | Probability foundations of economic theory |
| title_full | Probability foundations of economic theory Charles R. McCann |
| title_fullStr | Probability foundations of economic theory Charles R. McCann |
| title_full_unstemmed | Probability foundations of economic theory Charles R. McCann |
| title_short | Probability foundations of economic theory |
| title_sort | probability foundations of economic theory |
| topic | Economie gtt Methodologie gtt Waarschijnlijkheidstheorie gtt Methode Wirtschaft Economics Methodology Probabilities Wahrscheinlichkeitstheorie (DE-588)4079013-7 gnd Wirtschaftstheorie (DE-588)4079351-5 gnd |
| topic_facet | Economie Methodologie Waarschijnlijkheidstheorie Methode Wirtschaft Economics Methodology Probabilities Wahrscheinlichkeitstheorie Wirtschaftstheorie |
| work_keys_str_mv | AT mccanncharlesr probabilityfoundationsofeconomictheory |