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Opinion | The Certainty of Uncertainty There’s no avoiding uncertainty in economics, so we need tools to deal with it

Nonergodicity and complexity theory should be central to modern economics, but they've been ignored to its own detriment. This article offers an accessible summary of the critique according to Amar Bhide.

#complexity #nonergodicity #knightianuncertainty #EconSky #economics #frankknigth #amarbhide

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