Uncertainty: the Curate's egg in financial economics.
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.
Department of Sociology, Macquarie University and the IRRS, University of New South Wales.
Jocelyn
J
Pixley
D030861:Capitalism; D004467:Economics; D006801:Humans; D011057:Politics; D012306:Risk; D012961:Sociology / Q000191:economics*; D035501:Uncertainty; D006113:United Kingdom
Hayek; Keynes; Schumpeter; Uncertainty; finance/money; information; risk