Showing 1 - 10 of 40
The availability of Piero Sraffa’s unpublished manuscripts and correspondence at Trinity College Library, Cambridge, has made it possible to begin to set out a more complete account of Sraffa’s philosophical thinking than previously could be done with only his published materials and the few...
Persistent link: https://www.econbiz.de/10008836117
This paper advances a capabilities conception of the individual, and considers some of the problems involved in developing such a conception. It also makes claims about the nature of the capability space as a whole, frames personal development in terms of the idea of moving though the capability...
Persistent link: https://www.econbiz.de/10014205550
If mainstream economics and its view of economic agents is designed for a world in which reflexivity and feedback processes in the economy are ‘tamed’ and predictable, how are we to understand economic agents in a world in which reflexivity is ‘untamed’ and economies regularly exhibit...
Persistent link: https://www.econbiz.de/10014348425
This paper aims to contribute to the analysis of expectations and belief reversals in an evolutionary and complexity economics framework. It formulates its analysis in terms of the concept of reflexivity, drawing on the ideas regarding reflexivity in financial markets of George Soros, and lays...
Persistent link: https://www.econbiz.de/10012838810
This paper develops a conception of reflexive economic agents as an alternative to the standard utility conception, and explains individual identity in terms of how agents adjust to change in a self-organizing way, an idea developed from Herbert Simon. The paper distinguishes closed equilibrium...
Persistent link: https://www.econbiz.de/10012842411
Stratification Economics (SE) is an emergent sub-field in economics, but its JEL classification misrepresents its content and its relationship to the whole of economics. This paper first develops a more accurate characterization of SE by identifying its differences with Mainstream Economics...
Persistent link: https://www.econbiz.de/10012893622
This short comment on Mark White's comment on the relationship of economics and ethics focuses on the nature of economics and ethics as an emergent field of investigation. It discusses different types of between-discipline fields, and compares crossdisciplinary and transdisciplinary...
Persistent link: https://www.econbiz.de/10012910931
This paper extends behavioral economics' realist methodological critique of rational choice theory to include the type of logical reasoning underlying its axiomatic foundations. A purely realist critique ignores Kahneman's emphasis on how the theory's axiomatic foundations make it normative. I...
Persistent link: https://www.econbiz.de/10012912593
This paper explains the continuing relevance of Keynes's philosophical thinking in terms of his anticipation of complexity thinking in economics. It argues that that reflexivity is a central feature of the philosophical foundations of complexity theory, and shows that Keynes employed an...
Persistent link: https://www.econbiz.de/10012977985
This paper reviews the debate in economics over neuroeconomics' contribution to economics. It distinguishes majority and minority views, argues that this debate has been framed by mainstream economics' conception of itself as an isolated science, and argues that this framing has put off the...
Persistent link: https://www.econbiz.de/10012993779