Two Minds Intuition and Analysis in the History of Economic Thought
As everyone knows, intuition is warm and fuzzy, qualitative, not measurable. Economics, on the other hand, is quantitative, and if it is not a hard science, at least it is the "queen of the social sciences." It is, therefore, intuitively obvious, that int
- PDF / 11,131,396 Bytes
- 178 Pages / 441 x 666 pts Page_size
- 36 Downloads / 155 Views
TWO MINDS Intuition and Analysis in the History of Economic Thought
by Roger Frantz
Ql - Springer
Library of Congress Cataloging-in-PublicationData A C.I.P. Catalogue record for this book is available from the Library of Congress. ISBN 0-387-24069-1 0-387-23256-7 (softcover) Printed on acid-free paper.
e-ISBN 0-387-23934-0
O 2005 Springer Science+Business Media, Inc. All rights resewed. This work may not be translated or copied in whole or in pact without the written permission of the publisher (Springer Science+Business Media, Inc., 233 Spring Street, New York, NY 10013, USA), except for brief excerpts in connection with reviews or scholarly analysis. Use in connection with any form of information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now know or hereafter developed is forbidden. The use in this publication of trade names, trademarks, service marks and similar terms, even if the are not identified as such, is not to be taken as an expression of opinion as to whether or not they are subject to proprietary rights.
Printed in the United States of America. 9 8 7 6 5 4 3 2 1
SPIN 11367017
To my wife Nancy, whose love, patience, and analytical and intuitive abilities benefit me immensely.
Table of Contents Preface ....................................................................................................... ix 1. Introduction ............................................................................................1 2 . Adam Smith. New Intuitions for a New Age ......................................... 21 3. John Stuart Mill. An Anti-Intuitionist Social Reformer ......................... 39 4. Alfred Marshall. Metaphysician and Economist ....................................59
5. Intuition and Analysis in the Economics of the John Maynard Keynes ............................................................................................ 77
6. Frank Knight . Intuition. Risk and Uncertainty ....................................... 95 7. Swimming Against the Stream. Herbert Simon. Harvey Leibenstein. George Shackle. Friedrich von Hayek ................................................ 113
8. Intuition in Current Economic Literature ............................................ 135 9. References..........................................................................................
153
10. Index............................................................................ 173
Preface As everyone knows, intuition is warm and fuzzy, qualitative, not measurable. Economics, on the other hand, is quantitative, and if it is not a hard science, at least it is the "queen of the social sciences." It is, therefore, intuitively obvious, that intuition and economics are as if oil and water. The problem is, what is intuitively obvious is not always correct. And, there are two major reasons why intuition and economics are not like oil and water. First, economics concerns itself with decision making, and decisions are made in the brain. The human
Data Loading...
