From the Institute for New Economic Thinking:
The Journal of Economic Methodology, the leading peer-reviewed journal on the philosophical foundations and methodological practice of economics, has published a special issue devoted to the theory of reflexivity developed by CEU Founder and Honorary Chairman George Soros.Likewise the Institute for New Economic Thinking was funded by Mr. Soros.
The issue includes a new article by Soros articulating his most recent thinking on reflexivity and fallibility, the role of those concepts in social science, and their contribution to events such as the 2008 financial crisis and the euro crisis. The issue also contains contributions, responses and critiques from 18 leading scholars in economics and the history and philosophy of science.
The issue was prepared following a workshop held at CEU in October 2013 featuring Soros and hosted by the Office of the Provost at CEU, Katalin Farkas, who is also a professor in the Department of Philosophy, together with the Institute for Economic Thinking and the Journal of Economic Methodology. The discussion at CEU was moderated by Eric Beinhocker, head of the Institute’s research center at the Oxford Martin School, University of Oxford, and visiting professor at CEU’s School of Public Policy, and included comments by Wade Hands, co-editor of the Journal and distinguished professor of economics at the University of Puget Sound. Both Beinhocker and Hands authored articles in the special issue.
The issue can be accessed free of charge, by following this link.
The 2008 economic crisis plunged the field of economics into a debate about and re-examination of its philosophical foundations. Soros has been a longstanding critic of orthodox economic ideas of human rationality and perfectly efficient markets. In 1987, he published his first book, The Alchemy of Finance, arguing that markets and economies rather than being rational and efficient are reflexive and fallible. This makes them subject to deep uncertainty and capable of phenomena such as bubbles and crashes. In a series of books and articles over the following decades Soros explored the implications of his ideas for economics and public policy. While Soros’s theory generated significant interest in the financial community, particularly given his success as an investor, it was largely ignored by mainstream academic economists....MORE
We have very little on the Institute, see for example: "Come Join George Soros, Joesph Stiglitz and the Rest of the New World Order Boys In Bretton Woods, New Hampshire April 8-11"
Here's the Journal of Economic Methodology for a free download if interested.
