Epistemics and Economics
A Critique of Economic Doctrines
Business & Finance, Economics, Theory of Economics
| Author: | G. L. S. Shackle | ISBN: | 9781351311625 |
| Publisher: | Taylor and Francis | Publication: | September 29, 2017 |
| Imprint: | Routledge | Language: | English |
| Author: | G. L. S. Shackle |
| ISBN: | 9781351311625 |
| Publisher: | Taylor and Francis |
| Publication: | September 29, 2017 |
| Imprint: | Routledge |
| Language: | English |
It is Shackle's view that human conduct is chosen with a view to its consequences. But these are in the future, which cannot be directly known. Expectation will confine itself to what is deemed possible, but this leaves it free to entertain widely diverse and rival hypotheses. How can such skeins of mutually conflicting ideas serve the formation of individual or institutional policy? This is the chief question this book examines.
It is Shackle's view that human conduct is chosen with a view to its consequences. But these are in the future, which cannot be directly known. Expectation will confine itself to what is deemed possible, but this leaves it free to entertain widely diverse and rival hypotheses. How can such skeins of mutually conflicting ideas serve the formation of individual or institutional policy? This is the chief question this book examines.
