The future’s unknowability: Keynes’s probability, probable knowledge and the decision to innovate

Authors

  • Marco Crocco

    DOI:

    https://doi.org/10.5380/re.v32i2.7731

    Keywords:

    incerteza, probabilidade, Keynes, mudança tecnológica, inovação, uncertainty, probability, technical change, innovation

    Abstract

    The aim of this paper is to show that Keynes’s concept of probability
    can enrich the understanding of the process of introduction of innovation offered by the Neo-Schumpeterian approach. Keynes’s theory of probability can complete the set of tools required to understand the decision process of whether or not to introduce an innovation mainly by complementing the notion of routines.

    Downloads

    Download data is not yet available.

    Downloads

    How to Cite

    Crocco, M. (2006). The future’s unknowability: Keynes’s probability, probable knowledge and the decision to innovate. Revista De Economia, 32(2). https://doi.org/10.5380/re.v32i2.7731

    Issue

    Vol. 32 No. 2 (2006)

    Section

    Artigos

    License

    By submitting a manuscript to this journal, authors agree with the following terms:

    1. Authors retain copyright and grant the journal the right of first publication, with the work simultaneously licensed under the Creative Commons Attribution CC-BY License, which allows for the sharing of the paper while acknowledging authorship and initial publication in this journal.

    2. Authors are granted the right to enter into additional and separate contracts aiming at the non-exclusive distribution of the version of the manuscript published in this journal (e.g., reproduction either in institutional repositories or as book chapters), with the acknowledgment of authorship and initial publication in this journal.