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Look Inside Decision Order and Time in Human Affairs

Decision Order and Time in Human Affairs

2nd Edition

$45.99 (C)

  • Date Published: June 2010
  • availability: Available
  • format: Paperback
  • isbn: 9780521147491

$ 45.99 (C)
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About the Authors
  • 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'.

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    Product details

    • Edition: 2nd Edition
    • Date Published: June 2010
    • format: Paperback
    • isbn: 9780521147491
    • length: 348 pages
    • dimensions: 216 x 140 x 20 mm
    • weight: 0.44kg
    • availability: Available
  • 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.

  • Author

    G. L. S. Shackle

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