On Conceptualizing Risk: A Comment on Hoffmann

Xavier Méra (1)

1 GRANEM - Groupe de Recherche Angevin en Economie et Management

Hoffmann (2018) attempts to reconstruct a typology of risks deemed more accurate and useful to both economists and risk managers than currently received views on the subject within mainstream economics/finance and Austrian economics. This comment argues that his criticisms of the Misesian approach and his case for an alternative are unconvincing. We explain weaknesses in his criticisms of the Misesian approach and outline some problems with his constructive task of building up the alternative.

Mots clés: Austrian economics; risk; uncertainty; complexity; probability

Domaines: Economies et finances

Xavier Méra. On Conceptualizing Risk: A Comment on Hoffmann. Quarterly Journal of Austrian Economics, 2018. ⟨halshs-02067012⟩