Taking Radical Uncertainty Seriously in Economics

The video explores the concept of uncertainty in economics, emphasizing its distinction from measurable risk. It delves into Keynes' General Theory, highlighting the importance of radical uncertainty in decision-making processes. The discussion includes an analysis of Keynes' 1937 article, which underscores the significance of uncertainty in economic theory. The concept of ontological uncertainty is examined, illustrating its inherent nature in the universe. The video concludes by discussing the implications of uncertainty for future economic thinking.

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