The human subject plays a central role in the theory of social reality developed by Tony Lawson in his book Economics and Reality. This theory relies on an account of human cognitive functioning that distinguishes discursive from tacit knowledge. The present paper argues that Lawson's discussion...

We extend the transformational model of social activity proposed in recent realist social theory by importing into it a theory of technological objects and technological change. The paper begins with an account of the transformational model, focusing particularly on the relationship between...

Frank Knight's (1921) famous distinction between risk and uncertainty has entered the jargon of economics and decision theory. Yet it appears to have gone unnoticed that his formulation suffers from an elementary confusion. This note locates the source of the problem and proposes a reformulation...

In his economic writings, Keynes hints that his liquidity preference analysis is informed by the notion of evidential weight that first appears in his earlier Treatise on Probability. This paper reviews Keynes's distinction between probability and evidential weight, and offers an account of its...