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Titlebook: G.L.S. Shackle; Peter E. Earl,Bruce Littleboy Book 2014 Palgrave Macmillan, a division of Macmillan Publishers Limited 2014 Investment dec

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Robert Fröhlich,Hubert Baumgartnerading consequences of our genuinely creative choices bustle and tumble to fill the void and form our future. According to Ford (1993, p. 694), Shackle most wanted to be remembered for his theory of decision-making. Ford (1985, p. 10) observed: ‘It has obviously been a source of disappointment to Geo
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40 Years of China‘s War on Povertyearly in 1949 and boldly rejected both the use of probabilities as decision weights and the idea that decisions about uncertain prospects are made by aggregating scores for mutually exclusive potential outcomes. In those days, the academic publication process seems, if anything, to have been faster
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40 Years of Research on Rent Seeking 1of thought, they are not averse to looking at the predictive content of theories if it suits them to do so. In the case of Shackle’s radical alternative to probabilistic models of choice, critics found themselves presented with a golden opportunity to reject it on empirical grounds without any need
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40 Years of Research on Rent Seeking 2o, Austrian and Post Keynesian approaches to economics. In this chapter, however, we cast him in a different role, that of a pioneer in behavioural economics. As is evident from Earl (ed.) (1988), Sent (2004) and Tomer (2007), behavioural economics takes many forms but may be generally thought of as
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,„Von Millstatt ist es ein Katzensprung!”,ents and business schools, and for decision-makers in businesses and the public sector. Our focus, like that of Shackle himself, is mostly on methodological issues rather than on policy pronouncements. As we have shown, Shackle was reluctant to get involved in debates about public policy even though
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Robert Fröhlich,Hubert Baumgartner aim to explain the merits of Shackle’s position and to show how it may dovetail with some contemporary theorizing. We consider here Shackle’s rhetorical strategy and the informal aspects of his arguments, the intuition, analogies and the like.
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40 Years of China‘s War on Povertytension of his thinking in his PhD-based first book . (1938) about the role of investment in business cycles and the ways in which changes in expectations could affect business decisions. Shackle (1949a, p. xiv) reported that ‘The problem and the germ of the solution … were already in my mind in the
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40 Years of Reform and Opening-up theory.. This 1959 symposium had an eminent set of contributors and was timed to mark the tenth anniversary of the publication of .. However, a sign that Shackle had already lost the battle to sell his ideas was the fact that Arrow’s contribution rather rudely made no more than passing reference to
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