ABSTRACT
In the preceding chapter we discussed forward markets, indicative planning, and econometric forecasting in the absence of any environmental uncertainties. Let us now introduce such uncertainties, retaining for the time being the four sets of outrageous simplifying assumptions made on page 149. The situation becomes much more complicated. But we will discuss it in terms of one very simple example of an economy with environmental uncertainties. It is hoped that this simple example does adequately illustrate the principles involved and that it is intuitively clear that the conclusions could be generalized to cover the more complicated forms of the problem.
