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"The existence of well-organized markets is an essential precondition for division of labor and ultimately for the orderly functioning of any nonsubsistence economy. Most economic historians of the preindustrial world, a period of slow and intermittent technical progress, regard the development of markets as an essential source of (“Smithian”) economic growth..." – By Giovanni Federico
"The broad perspective of uncertainty applied in this review includes parameter uncertainty, risk, model uncertainty, scenario uncertainty, policy uncertainty, ambiguity, and misspecification. The article focuses on the first five types of uncertainty and methods for making decisions in the face of these uncertainties. ..." – By Yongyang Cai
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