Radical Uncertainty
Radical Uncertainty
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Summary
Much economic advice is bogus quantification, warn two leading experts in this essential book. Invented numbers offer false security; we need instead robust narratives that yield the confidence to manage uncertainty.
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Radical Uncertainty by John Kay
Much economic advice is bogus quantification, warn two leading experts in this essential book. Invented numbers offer false security; we need instead robust narratives that yield the confidence to manage uncertainty.
An elegant and careful guide to thinking about personal and social economics, especially in a time of uncertaintyThe timing is impeccable. -- Christine Kenneally - New York Times Book Review
Rarely is a book's publication as well-timed as John Kay and Mervyn King's Radical Uncertainty: Decision-Making Beyond the Numbers. -- Joseph C. Sternberg - Wall Street Journal
In this profound yet practical book, Kay and King admit the obvious-that in crucial domains, we do not, will not, cannot know what is going on-and show, nevertheless, how to retain the ability to function. -- Paul Romer, Nobel laureate
Many books will make a reader better informed or smarter. This is one of very few that will make a reader much wiser. You will live differently and better after you grasp Kay and King's seminal lessons about radical uncertainty. -- Lawrence H. Summers, US Treasury Secretary 1999-2001, and Charles W. Eliot University Professor at Harvard University
John Kay and Mervyn King want more people to grasp the old distinction between risk and uncertainty forgotten by a later generation of economists. Too many of life's uncertainties are presented to us as if they are calculable risks, especially in the realm of finance. We should focus on the truly calculable risks, they argue, and stop pretending we can predict situations of radical uncertainty. -- Niall Ferguson, Milbank Family Senior Fellow, the Hoover Institution, Stanford
Rarely is a book's publication as well-timed as John Kay and Mervyn King's Radical Uncertainty: Decision-Making Beyond the Numbers. -- Joseph C. Sternberg - Wall Street Journal
In this profound yet practical book, Kay and King admit the obvious-that in crucial domains, we do not, will not, cannot know what is going on-and show, nevertheless, how to retain the ability to function. -- Paul Romer, Nobel laureate
Many books will make a reader better informed or smarter. This is one of very few that will make a reader much wiser. You will live differently and better after you grasp Kay and King's seminal lessons about radical uncertainty. -- Lawrence H. Summers, US Treasury Secretary 1999-2001, and Charles W. Eliot University Professor at Harvard University
John Kay and Mervyn King want more people to grasp the old distinction between risk and uncertainty forgotten by a later generation of economists. Too many of life's uncertainties are presented to us as if they are calculable risks, especially in the realm of finance. We should focus on the truly calculable risks, they argue, and stop pretending we can predict situations of radical uncertainty. -- Niall Ferguson, Milbank Family Senior Fellow, the Hoover Institution, Stanford
John Kay is an economist and Fellow of St. John’s College, University of Oxford. Mervyn King, former governor of the Bank of England, teaches at New York University and the London School of Economics.
| SKU | Unavailable |
| ISBN 13 | 9781324004776 |
| ISBN 10 | 1324004770 |
| Title | Radical Uncertainty |
| Author | John Kay |
| Condition | Unavailable |
| Binding Type | Hardback |
| Publisher | WW Norton & Co |
| Year published | 2020-10-30 |
| Number of pages | 544 |
| Prizes | Long-listed for Financial Times & McKinsey Business Book of the Year 2020 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |