Uncertainty: the Curate's egg in financial economics

Jocelyn Pixley*

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    7 Citations (Scopus)

    Abstract

    Economic theories of uncertainty are unpopular with financial experts. As sociologists, we rightly refuse predictions, but the uncertainties of money are constantly sifted and turned into semi-denial by a financial economics set on somehow beating the future. Picking out 'bits' of the future as 'risk' and 'parts' as 'information' is attractive but socially dangerous, I argue, because money's promises are always uncertain. New studies of uncertainty are reversing sociology's neglect of the unavoidable inability to know the forces that will shape the financial future.

    Original languageEnglish
    Pages (from-to)200-224
    Number of pages25
    JournalBritish Journal of Sociology
    Volume65
    Issue number2
    DOIs
    Publication statusPublished - 1 Jun 2014

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