Decision, order and time in human affairs

Bibliographic Information

Decision, order and time in human affairs

by G.L.S. Shackle

Cambridge University Press, 2010, c1969

2nd ed

  • : pbk

Other Title

Decision, order & time

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Note

"First published 1961. Second edition 1969. First paperback printing 2010"--T.p. verso

Includes bibliographical references (p. 297-303) and index

Description and Table of Contents

Description

Originally published in 1969, the second edition of Professor Shackle's book has a fresh preface, an extra chapter and a number of additions to its bibliography. The extra chapter is concerned with the point at which one would decide to abandon an old policy and replace it with a new one. It is, in the words of the author, a further, rather radical development of the Stockholm sequence analysis. Professor Shackle examines how a decision can be rational only in a special sense, that of exploiting to the best present effect, on the decision-maker's state of mind, the scope afforded to imagination by what is known and by the gaps in that knowledge. The attempt made in this book to provide a theory of such decision has been called 'an existentialist economics'.

Table of Contents

  • Preface to the second edition
  • Preface to the first edition
  • Part I. Time: 1. Decision
  • 2. Imagination, expectation, anticipation
  • 3. The solitary moment
  • 4. Insulated dynamic schemes
  • 5. Three critics
  • 6. Time and decision in sum
  • Part II. Uncertainty: 7. Uncertainty as probability
  • 8. Professor Niehans on probability
  • 9. Uncertainty as possibility
  • 10. Potential surprise axiomatized
  • 11. Critics of potential surprise
  • 12. Uncertainty in sum
  • Part III. Ascendancy: 14. A basic model
  • 15. The neutral outcome
  • 16. Cardinality
  • 17. The cardinal potential surprise curve
  • 18. The ascendancy function
  • 19. Focus elements
  • 20. Choice amongst actions
  • 21. Critics of focus elements
  • 22. Mr Egerton's theory of asset portfolios
  • 23. Ascendancy in sum
  • Part IV. Expectation of Change of Own Expectation: 24. Expectation of change of own expectation
  • 25. The basis of change of expectations
  • Part V. Some Economic Illustrations: 26. Horizon, interest and investment
  • 27. A theory of the interest rate
  • 28. Profit and the range of non-revision
  • 29. Order and decision in economics
  • Part VI. Policy, Profit and Decision: 30. Policy, profit and decision
  • Bibliography
  • Index.

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Details

  • NCID
    BB14035988
  • ISBN
    • 9780521147491
  • Country Code
    uk
  • Title Language Code
    eng
  • Text Language Code
    eng
  • Place of Publication
    Cambridge, U.K.
  • Pages/Volumes
    xvi, 330 p.
  • Size
    22 cm
  • Classification
  • Subject Headings
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