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John B. (Hrsg.) Davis

Reflexivity and Economics

George Soros's theory of reflexivity and the methodology of economic science

Ebook (PDF Format)

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. As George Soros explains: if investors believe that markets are efficient then that belief will change the way they invest, and that in turn will change the nature of the markets they are observing ... That is the principle of reflexivity. Although various versions of reflexivity have long been discussed, in recent years George Soros has been particularly e… Mehr

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Produktdetails


Weitere Autoren: Hands, D. Wade (Hrsg.)
  • ISBN: 978-1-315-47160-0
  • EAN: 9781315471600
  • Produktnummer: 31559733
  • Verlag: Taylor & Francis Ltd.
  • Sprache: Englisch
  • Erscheinungsjahr: 2018
  • Seitenangabe: 166 S.
  • Plattform: PDF
  • Masse: 11'434 KB

Über den Autor


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).

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