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| Author: | Wible, J. R. |
| Title: | Of clouds and clocks and Keynes: conceptions of reality and the growth of knowledge function of money |
| Journal: | Review of Political Economy
1995 : VOL. 7:3, p. 294-323 |
| Index terms: | KEYNESIAN SCHOOL ECONOMIC THEORY MONETARISM |
| Language: | eng |
| Abstract: | In this paper John Maynard Keynes' General theory and the concept of money are given an evolutionary interpretation: This interpretation is based on Karl Popper's delightful essay "Of clouds and clocks: an approach to the problem of rationality and the freedom of man". The essay presents two things: Popper's conception of indeterminism and the role of abstractions and rule-governed, hierarchical systems of abstractions in structuring an indeterministic and uncertain world. He applies his general theory to science. Popper maintains that science is an abstract, rule-governed, linguistic process that facilitates criticism as a way of learning about our world. Popper calls this the growth of knowledge function of science. |
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