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Uncertainty and Decisions

In: The Nature of Macroeconomics

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Abstract

This book addresses the long absence of a satisfactory theory of macroeconomics. Keynesian theory is not consistent with rational self-interest, but neo-classical economics is unable to explain economic volatility and the trade cycle. Athol Fitzgibbons critiques the leading macroeconomic theories, which he believes are unduly mechanistic because they are incompatible with non-quantitative knowledge.

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  • ., 2000. "Uncertainty and Decisions," Chapters, in: The Nature of Macroeconomics, chapter 3, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:1742_3
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    Economics and Finance;

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