1st Edition

Probability Foundations of Economic Theory

By Charles McCann Copyright 1994
    188 Pages
    by Routledge

    188 Pages
    by Routledge

    First published in 1994. Concepts of probability are an integral component of economic theory. However there are a wide range of theories of probability and these are manifested in different approaches to economic theory itself. In this book Charles McCann, Jr provides a clear and informative survey of the area which serves to standardize terminology and so integrate probability into a discussion of the foundations of economic theory. This is illustrated by examples from Austrian, Keynesian and New Classical Economics.

    1 INTRODUCTION 2 THEORIES OF PROBABILITY 23 3 PROBABILITY AS A FUNDAMENTAL CONCEPT IN ECONOMICS 4 AUSTRIAN ECONOMICS 5 KEYNESAN ECONOMICS 6 RATIONAL EXPECTATIONS AND THE NEW NEOCLASSICISTS 7 CONCLUSION

    Biography

    Charles McCann (University of Pittsburgh, USA) (Author)