The Nature of Economic Thought
Selected Papers 1955–1964

A collection of Professor Shackle's articles examining economics not as pure logic but as part of the nature of man.

G. L. S. Shackle (Author)

9780521147590, Cambridge University Press

Paperback, published 24 June 2010

338 pages
22.9 x 15.2 x 2.2 cm, 0.67 kg

Professor Shackle (1903–1992) was best known for his extensive and scholarly work on the theory of the making of business decisions in conditions of uncertainty. He also made important contributions to the theory of rates of interest and showed an exceptional ability to combine theoretical work with a practical understanding of the business world. Professor Shackle believed that economics is not pure logic but is part of the endeavour to describe the integral nature of man. Originally published in 1966, this volume contains a collection of his articles, all concerned in some way to show his approach to economic thought.

Preface
Acknowledgements
Part I. The Meaning and Method of Economics: 1. The unity of European economic thought
2. The hedgehog and the fox
3. Keynes and the nature of human affairs
4. The ruin of economy
5. The 'Great Theory' in eclipse
Part II. Decision Verses Determinism: 6. Time, nature and decision
7. The description of uncertainty
8. Decision and uncertainty
9. The dilemma of history
10. Models of conjecture
11. Brief testament
Part III. Business and Psychology: 12. The economist's model of man
13. Theory and the business man
14. Business men on business decisions
15. Business and uncertainty
16. Scale, risk and profit
Part IV. Resources and Demands: 17. Resources and demands
18. The nature of inflation
Part V. Interest and Investment: 19. Recent theories concerning the nature and role of interest
Part VI. Critical Reflections: 20. Battles long ago (review)
21. The stages of economic growth (review)
22. Values and intentions (review)
Index.

Subject Areas: Economics [KC]