Quarterly Journal of Austrian Economics

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Uncertainty in Economic Thought edited by Christian Schmidt

The Quarterly Journal of Austrian Economics

Tags Philosophy and Methodology

07/30/2014Gregory M. Dempster

 

Volume 2, No. 4 (Winter 1999)

 

In this article, we will attempt to demonstrate that the Austrian method of dealing with both theory and history is informed by its perspective on uncertainty as the core concept uniting the various characterizations of Austrian thought.  Furthermore, we will argue that the Austrian School, among modern schools of thought, possesses the most realistic perspective on uncertainty and its role in the functioning of the economic system.

Author:

Contact Gregory M. Dempster

Gregory Dempster is Elliott Professor of Economics and Business at Hampden-Sydney College.

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