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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…mehr

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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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).