Uncertainty According to Knight and Keynes

Carlo Zappia ()
Additional contact information
Carlo Zappia: University of Siena

Chapter Chapter 3 in Uncertainty in Economics, 2025, pp 25-54 from Springer

Abstract: Abstract This chapter delineates the distinction between risk and uncertainty, following the approaches of Frank Knight and John Maynard Keynes, with the primary objective being to highlight their commonalities. However, it also addresses the differences between Knightian and Keynesian uncertainty that emerged in Keynes’s General Theory. The chapter places particular emphasis on the intertwined nature of Keynes’s analysis of probability and his understanding of uncertainty.

Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:spshcp:978-3-031-91221-4_3

Ordering information: This item can be ordered from
http://www.springer.com/9783031912214

DOI: 10.1007/978-3-031-91221-4_3

Access Statistics for this chapter

More chapters in Springer Studies in the History of Economic Thought from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().