Prediction or Prophecy?
The Boundaries of Economic Foreknowledge and Their Socio-Political Consequences
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Product description
Gregor Betz explores the following questions: Where are the limits of economics, in particular the limits of economic foreknowledge? Are macroeconomic forecasts credible predictions or mere prophecies and what would this imply for the way economic policy decisions are taken? Is rational economic decision making possible without forecasting at all?
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Details
- ISBN13 9783835090538
- Released 2007
- Publisher Deutscher Universitatsverlag
- Language English