Some Remarks on `Uncertainty and Economic Analysis’

In an important paper, Lawson (1985a) discusses the conditions under which it is possible to carry out a coherent economic analysis of a system which is subject to fundamental uncertainty (as opposed to mathematical risk). Read more … https://www.jstor.org/stable/2233517 Bibliographic citation: Omar F. Hamouda and John N. Smithin, “Some Remarks on ‘Uncertainty and Economic Analysis’”,… Continue reading Some Remarks on `Uncertainty and Economic Analysis’