EAN: 9780349143996

RADICAL UNCERTAINTY - MERVYN KING JOHN KAY KART...

'An elegant and careful guide to thinking about personal and social economics  especially in a
time of uncertainty. The timing is impeccable'  New York Times Book Review  This major  timely
and critically acclaimed work asks a vitally important question: when uncertainty is all around
us  and the facts are not clear  how can we make good decisions?   In the wake of a global
pandemic and a financial crisis before that  is it clearer than ever that we don't know what
the future will hold. But because we must make decisions anyway our response is to regularly
crave certainties which cannot exist and invent knowledge we cannot have  forgetting that
humans are successful because we have adapted to an environment that we understand only
imperfectly. This remarkable book draws on history  mathematics  economics and philosophy to
highlight the most successful - and most short-sighted - methods of dealing with an unknowable
future. Ultimately  as we have seen to our cost  the prevalent method of our age falls short 
giving us a false understanding of our power to make predictions  leading to many of the
problems we experience today. Radical Uncertainty shows how we can change that for the better.
'Rarely is a book's publication as well-timed as John Kay and Mervyn King's Radical Uncertainty
'  Wall Street Journal   'Entertaining and enlightening . . . This is a necessary critique and
they make it with verve  knowledge and a wealth of stories'  Financial Times    'An elegant 
wise and timely book' Irish Times   'Jam-packed with erudition' New Statesman

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