This paper addresses the problem of the conceptualization of social structure and its relationship to human agency in economic sociology. The background is provided by John Maynard Keynes's observations on the effects of uncertainty and conventional behavior on the stock market; the analysis...

In the insurance literature, it is often argued that private markets can provide insurance against ‘risks' but not against ‘uncertainties' in the sense of Knight (1921) or Keynes (1921). This claim is at odds with the standard economic model of risk exchange which, in assuming that...

Keynes dominated economic thought in the 20th century and his presence is still felt today in economic thought and policy. This comprehensive analysis of his philosophy features chapters from today's leading economic thinkers