Uncertainty in Economics and Other Reflections [Paperback]

This book is a collection of some of Professor Shackle's papers written between 1939 and 1953.This book is a collection of some of Professor Shackles papers written between 1939 and 1953 is largely concerned with the problems of expectation and uncertainty and with reducing these universal factors to some sort of plausible rules. It will appeal to anyone with an interest in the history of economics.This book is a collection of some of Professor Shackles papers written between 1939 and 1953 is largely concerned with the problems of expectation and uncertainty and with reducing these universal factors to some sort of plausible rules. It will appeal to anyone with an interest in the history of economics.This book is a collection of some of Professor Shackle's papers written between 1939 and 1953 is largely concerned with the problems of 'expectation' and 'uncertainty' and with reducing these universal factors to some sort of plausible rules. Also included are essays on interest rates, on investment and employment, and on the philosophy of economics. This book, by one of the finest economic writers of his time, will appeal to anyone with an interest in the history of economics.Preface; Author's note for C. U. P. L. E. reprint; Acknowledgements; Bibliography; Part I. On Expectation and Uncertainty: 1. Probability and uncertainty; 2. On the meaning and measure of uncertainty: I; 3. On the meaning and measure of uncertainty: II; 4. The logic of surprise; 5. Expectation in Economics: some critics answered; 6. A non-additive measure of uncertainty; 7. Three versions of the ?-surface; 8. The economist's view of profit; 9. The nature and role of profit; Part II. On Interest-Rates: 10. The nature of interest-rates; 11. Interest-rates and the pace of investment; Part III. On Investment and Employment: 12. The multiplier in closed and open systems; 13. Twenty years on: a survey of the theory of the multiplier; 14. Myrdal's analysis of monetary equilibrium; 15. The deflal£ã