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Exploring the interplay between uncertainty and economic processes, this book integrates the theories of Frank Knight and John Maynard Keynes with Karl Popper's insights on expectation formation. It delves into how uncertainty influences capital investment and production, emphasizing the importance of trial and error in shaping economic expectations. The work provides a comprehensive framework for understanding the dynamics of decision-making in the face of an unpredictable future.
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Price and Financial Stability, David Harrison
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- Released
- 2020
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- (Paperback)
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