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G.L.S. SHACKLE - The Dissenting Economist's Economist (Hardcover)
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G.L.S. SHACKLE - The Dissenting Economist's Economist (Hardcover)
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George Shackle was one of the most original and thought-provoking
economists of the twentieth century. The significant contributions
he made to the issues of time, expectations and uncertainty ensured
that he enjoyed an Olympian reputation within the discipline.G.L.S.
Shackle: The Dissenting Economist's Economist by J.L. Ford is a
major new intellectual biography which places Shackle's work in
context, assessing the importance of his long and prolific career.
An opponent of much of the equilibrium-centred orthodoxy in
economics, the overwhelming concern of Shackle's work was the
nature of time. In his view, too much of economic theorising was
concerned with a rigid, Newtonian definition of time, rather than
one which emphasized human expectations and uncertainty. Central to
his theory was a rejection of the notion of probability for unique
decisions and its replacement by his own measure of uncertainty,
the degree of potential surprise. This important book charts the
development of these ideas and their impact on his important work
on the theory of interest rates, industrial investment, the
business cycle, and the understanding and application of Keynes's
economics. Professor Ford's authoritative and detailed study also
covers Shackle's work on the major developments in the subject
matter and tools of economics, including his unrivalled assessments
of A Treatise on Money and the General Theory. It will be welcomed
by historians of economic thought and all other economists,
orthodox and non-orthodox alike, concerned with the pioneering work
of one of the most important economists of our time.
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