The concepts of "Uncertainty" for Austrians and Post-Keynesians.

MISES: Interdisciplinary Journal of Philosophy, Law and Economics

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Title The concepts of "Uncertainty" for Austrians and Post-Keynesians.
Los conceptos de "Incertidumbre" para Austríacos y Post-Keynesianos.
Os conceitos de “Incerteza” para Austríacos e Pós-Keynesianos:
 
Creator Andrade III, Paulo Hora
 
Subject Uncertainty
Austrian School
Post-Keynesians
O’Driscoll Jr. e Rizzo
Davidson
Incertitumbre
scuela Austriaca
Post-Keynesiana
O’Driscoll Jr. y Rizzo
Incerteza
Escola Austríaca
Pós-Keynesianos
O’Driscoll Jr. e Rizzo
Davidson
 
Description Distinct in several respects, the Austrian School and the Post-Keynesians consider the idea of "uncertainty" to be fundamental. This work is based on an Austrian perspective to explain to what extent the Post Keynesian approach fails to understand the idea of "uncertainty", with emphasis on the formulation of governmental policies. In particular, the paper addresses an attempt at "reconciliation" between the two schools by Gerald O'Driscoll Jr. and Mario Rizzo, which generated a debate between several Austrian economists and Paul Davidson, a post-Keynesian author. As a cause and solution to the controversy, the great influence on the authors of Economics of Time and Ignorance, namely the contentious nature of Ludwig Lachmann's theory in relation to the Austrian School itself will be highlighted, considering the uncertainty as a fact that makes impractible the observation of an effective coordination among the actions of dispersed agents.
Distintas en varios aspectos, la Escuela Austriaca y Post-Keynesiana consideran fundamental la idea de "incertidumbre". Este trabajo parte de una perspectiva austríaca para explicar en qué medida el enfoque post-Keynesiano falla en entender la idea de "incertidumbre", con destaque para la formulación de políticas gubernamentales. En particular, el trabajo aborda un intento de "conciliación" entre las dos escuelas, hecho por Gerald O'Driscoll Jr. y Mario Rizzo, que generó un debate entre diversos economistas austríacos y Paul Davidson, un autor Post-Keynesiano. Como causa y solución de la controversia, se destacará la gran influencia sobre los autores de "Economics of Time and Ignorance", a saber, el carácter contestatario de la teoría de Ludwig Lachmann en relación a la propia Escuela Austriaca, considerando la incertidumbre como un hecho que inviabiliza la observación de una efectiva coordinación entre las acciones de agentes dispersos.
Distintas em vários aspectos, a Escola Austríaca e a Pós-Keynesiana consideram fundamental a ideia de “incerteza”. Este trabalho parte de uma perspectiva Austríaca para explicar em que medida a abordagem Pós-Keynesiana falha em entender a ideia de “incerteza”, com destaque à formulação de políticas governamentais. Em especial, o trabalho aborda uma tentativa de “conciliação” entre as duas escolas feita por Gerald O’Driscoll Jr. e Mario Rizzo, que gerou um debate entre diversos economistas Austríacos e Paul Davidson, um autor Pós-Keynesiano. Como causa e solução da controvérsia, será destacada a grande influência sobre os autores de Economics of Time and Ignorance, a saber, o caráter contestador da teoria de Ludwig Lachmann em relação à própria Escola Austríaca, considerando a incerteza como um fato que inviabiliza a observação de uma efetiva coordenação entre as ações de agentes dispersos.
 
Publisher Instituto Mises Brasil
 
Date 2018-11-26
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
 
Identifier https://misesjournal.org.br/misesjournal/article/view/865
10.30800/mises.2018.v6.865
 
Source MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol 6 No 3 (2018): MISES Journal 2018 (Sept-Dec)
MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 6 Núm. 3 (2018): MISES Journal 2018 (sept-dic)
MISES: Interdisciplinary Journal of Philosophy, Law and Economics; v. 6 n. 3 (2018): MISES Journal 2018 (Set-Dez)
2594-9187
2318-0811
 
Language por
 
Relation https://misesjournal.org.br/misesjournal/article/view/865/613
 
Rights https://creativecommons.org/licenses/by/4.0
 

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