Paperback. Language: Chinese Publisher: China Renmin University Press book. Imperfect Knowledge Economics point of view on the exchange rate and exchange rate risk analysis and discussion.

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Bibliographic Details

Title: Imperfect Knowledge Economics: Exchange Rates and Risk (Finance forefront of Translations)(Chinese Edition)
Publisher: Renmin University of China Press
Publication Date: 2012
Language: Chinese
ISBN 10: 7300127800
ISBN 13: 9787300127804
Binding: paperback
Condition: New

About this title

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).

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