Reflexivity and Economics (eBook, ePUB)

George Soros's theory of reflexivity and the methodology of economic science
Redaktion: Davis, John; Hands, D.

• Format: ePub

Produktbeschreibung

The form of 'reflexivity' - defined by the dictionary as that which is 'directed back upon itself' - that is most relevant to economic methodology is that where observation of the economy leads to ideas that change behavior, which in turn changes (is directed back upon) the economy itself. This book discusses George Soros' ideas about reflexivity and his argument that reflexivity has been neglected in mainstream theorizing, and that this neglect can be held responsible for the failure of economists to predict, explain, or offer a solution for events such as the recent financial crisis. This book was originally published as a special issue of The Journal of Economic Methodology.

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Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 166
• Erscheinungstermin: 19. April 2018
• Englisch
• ISBN-13: 9781315471594
• Artikelnr.: 56888402

Autorenporträt

John B. Davis is Professor of Economics at Marquette University, Milwaukee, WI, USA, and Professor of Economics at the University of Amsterdam, The Netherlands. He is the author of Keynes's Philosophical Development (1994) , The Theory of the Individual in Economics (2003), and Individuals and Identity in Economics (2011), and co-author of Economic Methodology: Understanding Economics as a Science (2010, with Marcel Boumans). He is co-editor of the Journal of Economic Methodology, and the Elgar Companion to Recent Economic Methodology (2011, with Wade Hands). D. Wade Hands is Distinguished Professor of Economics at the University of Puget Sound, WA, USA. He has written on a wide range of topics in the history of economic thought and economic methodology. He is co-editor of the Journal of Economic Methodology, and the author of Reflection Without Rules: Economic Methodology and Contemporary Science Theory (2001). He is co-editor of Agreement on Demand: Consumer Choice Theory in the 20th Century (2006, with Philip Mirowski) and The Elgar Companion to Recent Economic Methodology (2011, with John B. Davis).

Inhaltsangabe

Introduction - Reflexivity and economics: George Soros's theory of
reflexivity and the methodology of economic science 1. Fallibility,
reflexivity, and the human uncertainty principle 2. Reflexivity,
complexity, and the nature of social science 3. Reflexivity unpacked:
performativity, uncertainty and analytical monocultures 4. George Soros:
Hayekian? 5. Reflections on Soros: Mach, Quine, Arthur and
far-from-equilibrium dynamics 6. Soros's reflexivity concept in a complex
world: Cauchy distributions, rational expectations, and rational addiction
7. Hypotheses non fingo: Problems with the scientific method in economics
8. Fallibility in formal macroeconomics and finance theory 9. Reflexivity
and equilibria 10. Reflexivity, expectations feedback and almost
self-fulfilling equilibria: economic theory, empirical evidence and
laboratory experiments 11. Soros and Popper: on fallibility, reflexivity,
and the unity of method 12. Reflexivity, uncertainty and the unity of
science 13. On the role of reflexivity in economic analysis 14. Broader
scopes of the reflexivity principle in the economy