J.M. Keynes versus F.H. Knight : Risk, Probability, and Uncertainty / Yasuhiro Sakai.
Sakai, Yasuhiro, 1940- author.
2019
HB103.K47
Available Online

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Title J.M. Keynes versus F.H. Knight : Risk, Probability, and Uncertainty / Yasuhiro Sakai.
Author Sakai, Yasuhiro, 1940- author.
ISBN 9789811380006 (electronic book)
9811380007 (electronic book)
9789811379994
Published Singapore : Springer, [2019]
Copyright ©2019
Language English
Description 1 online resource.
Call Number HB103.K47
Dewey Decimal Classification 330.15/6
Summary This book critically discusses and systematically compares J.M. Keynes and F. H. Knight, two giants in the history of economic thought. In 1921 they both published apparently similar books on risk, probability, and uncertainty. However, while Knight's contribution on risk and uncertainty is now well recognized, Keynes's work on probability and uncertainty has been somewhat ignored in the shadow of his more famous The General Theory of Employment, Interest and Money (1936). Focusing on an earlier yet equally important volume by Keynes, A Treatise on Probability (1921), this book sheds a light on his outstanding ideas and the lasting influence on his later works, including The General Theory. There are few books that systematically discuss Keynes and Knight, although there are remarkable comparisons between Keynes's concept of probability and uncertainty and Knight's distinction between a measurable risk and a non-measurable uncertainty. This timely book unifies Keynes and Knight into a new, comprehensive approach to a very complex human behavior.-- Provided by publisher.
Bibliography, etc. Note Includes bibliographical references.
Access Note Access limited to authorized users.
Source of Description Online resource; title from PDF title page (viewed July 3, 2019).
Linked Resources Online Access
Record Appears in Online Resources > Ebooks
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Part 1: History and Decision
Chapter 1: How My Life and Work have been Influenced by J.M. Keynes and F.H. Knight: Introduction and Summary
Chapter 2: On the Economics of Risk and Uncertainty:A Historical Perspective
Chapter 3: J.M. Keynes on Probability versus F.H. Knight on Uncertainty: Reflections on the Miracle Year of 1921
Chapter 4: Daniel Ellsberg on J.M. Keynes and F.H. Knight: Risk, Ambiguity, and Uncertainty
Part 2: Market and Application
Chapter 5: Involuntary Unemployment versus Involuntary Employment: J.M. Keynes and Beyond
Chapter 6: Frank H. Knight on Uncertainty and Profit: Manager versus Entrepreneur
Chapter 7: Frank Knight on Market Thinking: Reflections on the Logic and Ethics of the Capitalist Economy
Chapter 8: An Application to Nuclear Power Generation: From Daniel Bernoulli to J.M. Keynes and F. H. Knight.

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