The concept of degrees of uncertainty in Keynes, Shackle and Davidson
Marco Crocco ()
Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais
The aim of the paper is to discuss and define a concept of Keynesian uncertainty capable of both to comprehend the concept of probable knowledge and admit the existence of degrees of uncertainty. Although the economic literature have been discussed this concept based on the discussion of the weight of argument that comes from Keynes’s theory of probability, we claim that this discussion must include the analysis of the relevance of the evidence. Moreover, we claim that this concept of uncertainty is not incompatible with Shackle’s concept of crucial decision and the understanding of the social reality as a nonergodic process.
Keywords: Post Keynesian economics; uncertainty; Shackle; Keynes (search for similar items in EconPapers)
Pages: 34 pages
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Forthcoming in Nova Economia, 2002.
Downloads: (external link)
Journal Article: The concept of degrees of uncertainty in Keynes, Shackle, and Davidson (2002)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cdp:texdis:td147
Ordering information: This working paper can be ordered from
Cedeplar-FACE-UFMG Av. Antonio Carlos, 6627 Belo Horizonte, MG 31270-901 Brazil
Access Statistics for this paper
More papers in Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais Cedeplar-FACE-UFMG Av. Antonio Carlos, 6627 Belo Horizonte, MG 31270-901 Brazil. Contact information at EDIRC.
Bibliographic data for series maintained by Gustavo Britto ().