kaal:claim:4900880-011
Quantum economics and New Institutional Economics treat uncertainty in opposite ways: NIE casts institutions as devices for reducing uncertainty and stabilizing the economy, while quantum economics builds uncertainty and indeterminacy into economic interaction as a fundamental feature.
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While NIE emphasizes the role of institutions in reducing uncertainties and fostering economic stability, quantum economics inherently incorporates uncertainty and indeterminacy as fundamental aspects of economic interactions.
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definitionalsupport: arguedeconomicsinstitutional-design
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