Synopses & Reviews
Synopsis
1. Introduction 2. Life and Vision 3. Shackle's Economics 4. Possibility versus Probability: The Rhetoric of Choice 5. Potential Surprise and Choice 6. Critical Perspectives on Shackle's Theory 7. Making Sense of Diversification 8. Shackle and Behavioural Economics 9. Lessons for Economists, Entrepreneurs and Business Schools 10. The Passage of Time: Shackle, Shell and Scenarios 11. Coda
Synopsis
This is an intellectual biography of G.L.S. Shackle, economic theorist, philosopher, and historian of economic theory. It explores how Shackle challenged the aims, methods and assumptions of mainstream economics. He stressed macroeconomic instability, and developed a radically subjectivist theory for behavioural economics and business planning.