The Economics of Uncertainty [pdf]

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2015 | ISBN: n/a | English | 189 pages | PDF | 1.2 MB

Economies are deeply complex systems. The global marketplace-even national, state and local economies-involve many economic actors behaving in rational and irrational ways, sustaining a dizzying array of interconnected activity. Because of the number of participants involved in this global exchange, the unpredictability of their actions, and the sheer variety of possible actions, some degree of economic uncertainty is inevitable.

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