Uncertainty: the Curate's egg in financial economics

Jocelyn Pixley*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

4 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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