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Shackle on time, uncertainty and process

Latsis, J. (2015) Shackle on time, uncertainty and process. Cambridge Journal of Economics, 39 (4). pp. 1149-1165. ISSN 1464-3545

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To link to this item DOI: 10.1093/cje/bev031


This paper is intended both as a contribution to the conceptual work on process in economic thought and as an attempt to connect a non-institutionalist, non-evolutionary thinker to it. The paper has two principal objectives: (i) to delineate a broad, philosophically grounded conception of what an economic process theory (EPT) is; and (ii) to locate the contributions of George Shackle within this broad conception of EPT. In pursuing these two objectives, I hope to draw out the originality and significance of Shackle’s economics with a particular emphasis on what he adds to process conceptions developed within other heterodox traditions such as institutional and evolutionary economics. I will also highlight some of the perceived limitations of Shackle’s approach and link them to the limitations of process philosophy.

Item Type:Article
Divisions:Henley Business School > Leadership, Organisations and Behaviour
ID Code:40237
Uncontrolled Keywords:Shackle Process Social order
Publisher:Oxford University Press


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