{"product_id":"reflexivity-and-economics-george-soross-theory-of-reflexivity-and-the-methodology-of-economic-science-paperback","title":"Reflexivity and Economics: George Soros's Theory of Reflexivity and the Methodology of Economic Science - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eJohn Davis\u003c\/b\u003e (Editor), \u003cb\u003eD. Hands\u003c\/b\u003e (Editor)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThe 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 \u003ci\u003eprinciple of reflexivity\u003c\/i\u003e\". \u003c\/p\u003e \u003cp\u003eAlthough various versions of reflexivity have long been discussed, in recent years George Soros has been particularly effective in bringing ideas about reflexivity to the attention of the economic and financial communities. In a series of writings he has systematically argued that reflexivity is not only an important aspect of economic life, it is an aspect that is neglected in most mainstream theorizing; and in addition, that the neglect of reflexivity has been responsible for the failure of economists to predict, explain, or offer a solution for events such as the recent financial crisis. \u003c\/p\u003e \u003cp\u003eSoros' ideas about reflexivity have important methodological significance, and his chapter in this book summarizes and clarifies his arguments. His contribution is joined by those of thirteen scholars from a wide range of relevant fields, who provide a commentary on the idea of reflexivity in economics. This book was originally published as a special issue of \u003ci\u003eThe Journal of Economic Methodology.\u003c\/i\u003e\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eJohn B. Davis\u003c\/strong\u003e 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 \u003ci\u003eKeynes's\u003c\/i\u003e \u003ci\u003ePhilosophical Development \u003c\/i\u003e(1994)\u003ci\u003e, \u003c\/i\u003e \u003ci\u003eThe Theory of the Individual in Economics \u003c\/i\u003e(2003), and \u003ci\u003eIndividuals and Identity in Economics\u003c\/i\u003e (2011), and co-author of \u003ci\u003eEconomic Methodology: Understanding Economics as\u003c\/i\u003e \u003ci\u003ea Science \u003c\/i\u003e(2010, with Marcel Boumans). He is co-editor of the \u003ci\u003eJournal of Economic Methodology\u003c\/i\u003e, and the \u003ci\u003eElgar Companion to Recent Economic Methodology \u003c\/i\u003e(2011, with Wade Hands). \u003c\/p\u003e\u003cp\u003eD. 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\u003ci\u003e Journal of Economic Methodology, \u003c\/i\u003e and the author of \u003ci\u003eReflection Without Rules: Economic Methodology and Contemporary Science Theory \u003c\/i\u003e(2001). He is co-editor of \u003ci\u003eAgreement on Demand: Consumer Choice Theory in the 20th Century\u003c\/i\u003e (2006, with Philip Mirowski) and \u003ci\u003eThe Elgar Companion to Recent Economic Methodology\u003c\/i\u003e (2011, with John B. Davis).\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 156\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.36 x 9.69 x 6.85 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e January 08, 2019\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":42137613369424,"sku":"9780367030070","price":113.9,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0592\/9540\/0016\/files\/VGdNMjVjSWJaK3ZpQzhadzB1cnE2UT09.webp?v=1774054279","url":"https:\/\/palm-malen-gift-shop-pmrc.myshopify.com\/products\/reflexivity-and-economics-george-soross-theory-of-reflexivity-and-the-methodology-of-economic-science-paperback","provider":"Palm Malen Gift Shop -PMRC","version":"1.0","type":"link"}