Literature DB >> 24712756

Uncertainty: the Curate's egg in financial economics.

Jocelyn Pixley1.   

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

Mesh:

Year:  2014        PMID: 24712756     DOI: 10.1111/1468-4446.12070

Source DB:  PubMed          Journal:  Br J Sociol        ISSN: 0007-1315


  1 in total

1.  The absorption and multiplication of uncertainty in machine-learning-driven finance.

Authors:  Kristian Bondo Hansen; Christian Borch
Journal:  Br J Sociol       Date:  2021-07-27
  1 in total

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