Development and radical uncertainty
Bibliographic Data
| ID | 4897118 |
|---|---|
| Authors | Osvaldo Feinstein, Osvaldo N Feinstein (0000-0001-6144-0614, Yahoo (United Kingdom), corresponding author) |
| Year | 2020 |
| Volume | 30 |
| Issue | 8 |
| Pages | 1105-1113 |
| Publication date | 2020-11-16 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Development in Practice (JOURNAL) |
| Journal identifiers | ISSN: 0961-4524 • E-ISSN: 1364-9213 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/09614524.2020.1763258 |
| OpenAlex | W3031675485 |
| Language | EN |
| Citations received | 2 |
| References cited | 16 |
Development strategies, programmes and projects are designed making assumptions concerning several variables such as future prices of outputs and inputs, exchange rates and productivity growth. However, knowledge about the future is limited. Uncertainty prevails. The usual approach to deal with uncertainty is to reduce it to risk. Uncertainty is perceived as a negative factor that should and can be eliminated. This article presents an alternative approach which recognises that radical uncertainty is irreducible to risk, identifying a positive dimension of uncertainty and showing its implications for development practice
Business · Economics · Macroeconomics · Productivity · Economic, financial, and policy analysis · Fiscal Policy and Economic Growth · Mathematics · Sustainable Development and Environmental Policy
Building State Capability
Mission-oriented innovation policies
Embracing Uncertainty in Policy-Making
The Hiding Hand
The Fallacy of Beneficial Ignorance
Beneficial or Detrimental Ignorance
Statistical Tests as a Hindrance to Understanding
Planning Fallacy or Hiding Hand
Rethinking the development experience
The Idea of Justice
| Citations per year | 0.5 |
|---|---|
| Citation span | 2022 - 2022 (1) |
| Highly cited | No |