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intitle:
The document title intitle:"climate education"
ispublisher:
The publishing organization ispublisher:CAPE
insummary:
Summary and key findings insummary:"conflict of interest"
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Climate tags, frame/perspective and analysis type hasconcept:"Climate Justice"
geography:
Regions the document covers or discusses geography:Canada
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Document type doctype:report
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Document language, as an ISO code lang:fr
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Analysis TypeComparative theoretical analysis
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  • The paper examines the tension between 'risk as uncertainty' and 'risk versus uncertainty' in economic thought. It contrasts Keynes's view that incalculable uncertainty necessitates government intervention with Hayek's argument that the market's price system efficiently manages such uncertainty. The author traces how mid-century economic theory collapsed this distinction, leading to the birth of modern finance and the quantification of risk, a trend challenged by the 2007-2009 global financial crisis.

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    Themes: risk management
    Peace Research Institute Oslo

    Document type: Research paper

    Regions: World
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