Mervyn King was Governor of the Bank of England from 2003 to 2013 and is currently Professor of Economics and Law at New York University and School Professor of Economics at the London School of Economics. Lord King was made a life peer in 2013 and appointed by the Queen a Knight of the Garter in 2014. He is the author of The End of Alchemy.John Kay is a Fellow of St John's College, Oxford and has held professorial appointments at the University of Oxford, London Business School and the London School of Economics. He is a director of several public companies and for many years contributed a weekly column to the Financial Times. He chaired the UK government review of equity markets which reported in 2012 recommending substantial reforms. He is the author of many books including Other People's Money, The Truth about Markets, The Long and the Short of It and Obliquity.
If you're interested in judgement and decision-making, this book is fascinating. If that's your job, Radical Uncertainty is essential.In this profound yet practical book, Kay and King demonstrate the obvious - that in crucial domains, we do not, will not, cannot know what is going on - and show, nevertheless, how to retain the ability to function.This fascinating and well-written book will resonate way beyond economics. It deserves to be widely read.John Kay and Mervyn King want more people to grasp the old distinction between risk and uncertainty forgotten by a later generation of economists.Many books will make a reader better informed or smarter. This is one of very few that will make a reader much wiser. You will live differently and better after you grasp Kay and King's seminal lessons.