Imperfect Knowledge Economics (Exchange Rates and Risk) (Translations of Frontiers of Finance) (Chinese Edition) - Softcover

Luo Man·Fu Lei De Man; Mai Ke Er·D·Ge De Bao

Softcover

ISBN 10: 7300127800 ISBN 13: 9787300127804

Publisher: Renmin University of China Press, 2012

Synopsis

The opinions in The Imperfect Knowledge Economics challenge the traditional economic doctrines, referring that economic analysis cannot completely predict human behaviors on purpose. Roman Frydman and Michael D. Goldberg think that the reason why traditional economic models cannot understand realistic problems is that they cannot predict rational and self-interested behaviors. Such predictions based on mechanical models have ignored the importance of individual creativity and unpredictable social and political changes. Although their opinions seem scientific, they cannot predict the operation of market. The author aims at getting correct predictions of irrational behaviors. Roman Frydman and Michael D. Goldberg have noticed the inner defects of knowledge of economists, so they introduce a new analytical method of economics: Imperfect knowledge economics (IKE).

Edition details

• Publisher: Renmin University of China Press
• Publication date: 2012
• Language: Chinese
• ISBN 10: 7300127800
• ISBN 13: 9787300127804
• Binding: Paperback
• Number of pages: 336