Robert Skidelsky, author of a key biography of Keynes, notes in this biography that Keynes’s relationship to modernism is crucial to the understanding of his work, yet difficult to grasp historiographically. This may be true if one seeks to uncover influences from modernism as as a...

The concept of bounded rationality has been at the forefront of a recent empiricist program in economics which under the heading of ‘behavioral economics ‘ seeks to broaden the rational choice paradigm in the direction of psychology, to the neglect of a similar broadening in the direction of...

Ecological questions have proven particularly fruitful to illustrate Luhmann's theory of society as an integrative perspective cutting across the scientific, economic, legal, and political domains. In this paper, we will discuss the development of carbon trading as a case study of how reflexive...

With the increasing attention to how monetary policy is communicated has come a focus on the scope for diverse messages to arise from the committee making the decisions. While the existing literature sees the source of such diversity in relation to a 'correct' decision based on one 'true' model,...

This paper considers the signalling aspect of monetary policy. We introduce a heuristic framework for the study of signal uncertainty, and use this to analyses the signal uncertainty implicit in the communications of the Bank of England’s Monetary Policy Committee (MPC). Our findings suggest...

Evolutionary economics is an increasingly influential but vaguely defined field of economic research. This article discusses different ways of defining evolutionary economics: at its object level, at the level of core concepts and, distinguishing between meaning determinist and meaning finitist...

At first sight one might be tempted to regard Mirowski’s latest book primarily as a move away from the conceptual and metaphorical history of economics that one finds in More Heat than Light (Mirowski 1989, 'MHTL'), towards a historiography inspired by recent studies in the sociology of...

<italic>All four authors are members of the Leicester school of critical management and have previously written together on academic publishing. David Harvie lectures in finance and is interested in ethical issues related to this and other matters. He is a member of The Free Association writing...</italic>

This paper reflects on the contributions of Adam Smith and Joseph Schumpeter on our understanding of economic development, routines and cognition. It distinguishes between two conceptions of economic analysis, one Cartesian in nature, the other following an developmental perspective that resists...

The experience of monetary policy making in an uncertain environment has encouraged increased attention to the concept of model uncertainty, that is, uncertainty as to which is the best model. A particular difficulty has been the need to operationalise the concept in order to yield definitive...