Book notes: Radical uncertainty, by Mervyn King and John Kay
The one certainty we have faced is that we must confront uncertainty, which is precisely the point of this wonderful book
Mervyn King and John Kay, Radical uncertainty: decision-making for an unknowable future, Little, Brown Book Group, 2020, 544 pages
One of the clichés that lead me to shout at the radio (there are now quite a disturbing number), is that “business or financial markets hate uncertainty”. And in my 50 months at the National Institute of Economic and Social Research, where I have observed the sometimes outrageous swings of the UK’s national fortune, whether it is referendums, elections, the Brexit
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