ABSTRACT
Galbraith (1967:41) Post-Keynesian economists are typically associated with the study of uncertainty and the salient institutions of the ‘real’ world. However, a moment’s reflection reveals a general neglect of the concept of uncertainty in post-Keynesian writings on the firm. While many post-Keynesians acknowledge the pivotal role of money as an institution for coping with uncertainty, they have written little on the fact that the firm is also an institution that deals with, and provides for a flexible response to, uncertainty.2
