Elasticities of Surprise in the Concept of Policy

G. L. S. Shackle

Chapter 1 in Money and Banking, 1993, pp 1-6 from Palgrave Macmillan

Abstract: Abstract The lodestar of successful business is the imagined deemed possible. To conceive the unprecedented in diverse forms as rival uses for his resources, and to turn imagination to critical study of the possible best and the possible worst result of each imagined enterprise, is the businessman’s counterpart of high chivalry. Its enlightened heresy lies in its epistemic assumptions and principles.

Keywords: Calendar Period; Focus Loss; Epistemic Standing; Hypothetical Result; Trading Gain (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-13319-2_1

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DOI: 10.1007/978-1-349-13319-2_1

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