Uncertainty and economic futures in the public sphere: an introduction

IF 1.6 Q2 ECONOMICS

REVIEW OF SOCIAL ECONOMY Pub Date : 2023-07-03 DOI:10.1080/00346764.2023.2240777

A. Dutt

引用次数: 0

Abstract

Decision-making by individuals and groups normally involves taking into account the possible future consequences of these decisions (even though non-consequentialist considerations may enter into decision-making). But the future in general, and future consequences of actions in particular, are not certain and, formajor decisions, are usually not even predictable in an objectivelyprobabilistic sense that are properties of the real world. Drawing on the ideas of John Maynard Keynes (1921, 1937) and Knight (1921), many scholars distinguish between risk and uncertainty. Knight (1921, p. 13) stated:

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公共领域的不确定性与经济前景：导论

个人和团体的决策通常包括考虑这些决策未来可能产生的后果（即使决策中可能会考虑非后果性因素）。但是，总体上的未来，特别是行动的未来后果，是不确定的，而且，在形式上的重大决策中，通常甚至不能从客观的可能性意义上预测，这是现实世界的特性。许多学者借鉴了约翰·梅纳德·凯恩斯（1921、1937）和奈特（1921）的思想，区分了风险和不确定性。奈特（1921年，第13页）指出：

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来源期刊

REVIEW OF SOCIAL ECONOMY ECONOMICS-

CiteScore

2.60

自引率

10.00%

发文量

期刊介绍： For over sixty-five years, the Review of Social Economy has published high-quality peer-reviewed work on the many relationships between social values and economics. The field of social economics discusses how the economy and social justice relate, and what this implies for economic theory and policy. Papers published range from conceptual work on aligning economic institutions and policies with given ethical principles, to theoretical representations of individual behaviour that allow for both self-interested and "pro-social" motives, and to original empirical work on persistent social issues such as poverty, inequality, and discrimination.