Caines's Understanding of Uncertainty

At the heart of kaines's general theory lies a conception of uncertainty, and that pervades economic life. And caines's idea of uncertainty is distinct from risk. The game of roulette is not subject in this sense to uncertainty. Anybody who was doing macro economic forecasting in 20 18 was going to get the wrong answer, and they were going to get it through no fault of theiron. i think this year, where we've had this massive global pandamic, which is completely upended the global economyis a great illustrationo that idea.