Uncertain Futures considers how economic actors visualize the future and decide how to act in conditions of radical uncertainty. It starts from the premise that
Whether dealing in coffee, wheat, pork bellies, silver or gold, any buyer investing in commodities is trading in the futures market. For the investor, the goal
Since economies are dynamic processes driven by creativity, social norms, and emotions as well as rational calculation, why do economists largely study them usi
This book addresses the rising productivity gap between the global frontier and other firms, and identifies a number of structural impediments constraining busi