Uncertainty, International Money, Employment and Theory
Subtitle: The Collected Writings of Paul Davidson, Volume 3 (Collected Writings of Paul Davidson)
Publisher: Palgrave Macmillan
Published: October 29, 1999
Language: eng
Format: Hardcover
Number of pages: 482
ISBN-13: 9780312221911
Subjects: Economic Theory; Literary Collections; Business / Economics / Finance; Literary Criticism; Economics - Theory; Political Science / General; American - General; Essays
First sentence: When discussing the implications of uncertainty on economic activity and its policy implications, the fundamental differences among various economic theories involve (a) the analyst's conception of the external economic reality in which decision-makers operate, and (b) the ability of agents to understand that reality.