| Literature DB >> 24712756 |
Abstract
Economic theories of uncertainty are unpopular with financial experts. As sociologists, we rightly refuse predictions, but the uncertainties of money are constantly sifted and turned into semi-denial by a financial economics set on somehow beating the future. Picking out 'bits' of the future as 'risk' and 'parts' as 'information' is attractive but socially dangerous, I argue, because money's promises are always uncertain. New studies of uncertainty are reversing sociology's neglect of the unavoidable inability to know the forces that will shape the financial future. © London School of Economics and Political Science 2014.Keywords: Hayek; Keynes; Schumpeter; Uncertainty; finance/money; information; risk
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Year: 2014 PMID: 24712756 DOI: 10.1111/1468-4446.12070
Source DB: PubMed Journal: Br J Sociol ISSN: 0007-1315