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| Author: | Cross, R. Strachan, D. |
| Title: | On George Soros and economic analysis |
| Journal: | Kyklos
1997 : VOL. 50:4, p. 561-574 |
| Index terms: | ECONOMICS ECONOMIC ANALYSIS ECONOMIC THEORY PREDICTION THEORY RATIONAL EXPECTATIONS |
| Language: | eng |
| Abstract: | This essay considers the Soros critique of the epistemological and analytical foundations underlying theories of rational expectations equilibria and efficient markets. Similarities between Soros and Keynes are found. It is pointed out that Soros is guarded rather than nihilistic about the possibilities of economic knowledge, and developments in economic analysis that resonate with the Soros view are discussed. |
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