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Eric D. Beinhocker : Reflexivity, complexity, and the nature of social science - Journal of Economic Methodology [Soros special issue] - Volume 20, Issue 4 - Taylor & Francis Online
pages 330-342 -- downloaded pdf to Note -- In 1987, George Soros introduced his concepts of reflexivity and fallibility and has further developed and applied these concepts over subsequent decades. This paper attempts to build on Soros's framework, provide his concepts with a more precise definition, and put them in the context of recent thinking on complex adaptive systems. The paper proposes that systems can be classified along a ‘spectrum of complexity’ and that under specific conditions not only social systems but also natural and artificial systems can be considered ‘complex reflexive.’ The epistemological challenges associated with scientifically understanding a phenomenon stem not from whether its domain is social, natural, or artificial, but where it falls along this spectrum. Reflexive systems present particular challenges; however, evolutionary model-dependent realism provides a bridge between Soros and Popper and a potential path forward for economics.
article  philosophy_of_science  philosophy_of_social_science  epistemology  methodology  complexity  Soros  reflexivity  intentionality  evolution-as-model  Popper  scientific_method  downloaded  EF-add  systems-complex_adaptive  systems-reflexive  systems_theory  economic_theory  economic_models  EMH  rationality-economics  rational_expectations  information-markets  cognition  cognition-social  falsification  neuroscience  uncertainty  laws_of_nature  covering_laws  causation  explanation  prediction 
january 2014 by dunnettreader

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