Uncertainty, rationality and the study of social institutions

Review of Social Economy

Volumn 66, Issue 4, 2008, Pages 501-522

  Kessler, Oliver ^a  

^a BIELEFELD UNIVERSITY   (Germany)

Author keywords

Institutionalism; Linguistic turn; Practical knowledge; Risk; Uncertainty

Indexed keywords

EID: 57749112991     PISSN: 00346764     EISSN: 14701162     Source Type: Journal    
DOI: 10.1080/00346760801932692     Document Type: Article

References (44)

1. Anand, P. (1991) "The Nature of Rational Choice and the Foundations of Statistics," Oxford Economic Papers 43: 199-216,
2. Austin, J. (1961) How to Do Things with Words, Oxford: Clarendon.
3. Bertalanffy, L. von (1969) General System Theory: Foundations, Development, Application, New York: Braziller.
4. Bolton, P. and Dewatripont, M. (2003) Contract Theory, Cambridge, MA: MIT Press.
5. Carabelli, A. (1985) "Keynes on Cause, Chance and Possibility," in T. Lawson and H. Pesaran (eds) Keynes' Economics: Methodological Issues, London and Sydney: Croom Helm, pp. 151-180.
6. Carnap, R. (1956) Meaning and Necessity: A Study in Semantics and Modal Logic, Chicago: University of Chicago Press.
7. Coase, R. H. (1988) The Firm, the Market, and the Law, Chicago: University of Chicago Press.
8. Davidson, P. (1991) "Is Probability Theory Relevant for Uncertainty? A Post Keynesian Perspective," Journal of Economic Perspectives 5: 129-143.
9. Dequech, D. (2004) "Uncertainty: Individuals, Institutions and Technology," Cambridge Journal of Economics 28: 365-378.
10. Hart, O. D. (1995) Firms, Contracts, and Financial Structure, Oxford: Oxford University Press.
11. Hayek, F. A. von (1937) "Economics and Knowledge," Economica 4: 33-54.
12. Hayek, F. A. von (1942) "Scientism and the Study of Society," Economica 9: 267-291.
13. Hayek, F. A. von (1945) "The Use of Knowledge in Society," American Economic Review 35: 519-530.
14. Hayek, F. A. von (1972) Die Theorie komplexer Pheanomene, Teubingen: Mohr.
15. Hayek, F. A. von (1973) New Studies in Philosophy, Politics and Economics, London: Routledge and Kegan Paul.
16. Hayek, F.A. von (1978a) Law Legislation and Liberty, Vol. 1, Chicago: University of Chicago Press.
17. Hayek, F. A. von (1978b) "Competition as Discovery Process," New Studies in Philosophy, Politics, Economics and the History of Ideas, London: Routledge and Kegan Paul, pp. 179-190.
18. Hirshleifer, J. and Riley, J. G. (1992) The Analytics of Uncertainty and Information, Cambridge: Cambridge University Press.
19. Hodgson, G. (2000) "What is the Essence of Institutionalism?," Journal of Economic Issues 34: 317-329.
20. Hodgson, G. (2006) "Characterizing Institutional and Heterodox Economics - A Reply to Tony Lawson," Evolutionary Institution Economics Review 2: 1-11.
21. Kessler, O. (2008) "The Importance of Ignorance: Non-Knowledge and the Limits of Bayesianism," in H. Hanappi and W. Eisner (eds) Advances in Evolutionary Institutional Economics: Evolutionary Mechanisms, Non-Knowledge, and Strategy, London: Edward Elgar.
22. Keynes, J. M. (1921) Treatise on Probability, London: Macmillan.
23. Keynes, J. M. (1936) The General Theory of Employment, Interest and Money, London: Macmillan.
24. Keynes, J. M. (1937) "The General Theory of Employment," Quarterly Journal of Economics 51: 209-223.
25. Kolmogorov, A. N. (1933) Grundhegriffe der Wahrscheinlichkeitsrechung, Berlin: Springer.
26. Kuhn, T. S. (1964) The Structure of Scientific Revolutions, Chicago: University of Chicago Press.
27. Laffont, J.-J. (1989) The Economics of Uncertainty and Information, Cambridge, MA: MIT Press.
28. Lawson, T. (1987) "The Relative/Absolute Nature of Knowledge and Economic Analysis," The Economic Journal 97: 951-970.
29. Lawson, T. (1988) "Probability and Uncertainty in Economic Analysis," Journal of Post- Keynesian Economics 11: 38-65.
30. Lawson, T. (2003) "Institutionalism: On the Need to Firm up Notions of Social Structure and the Human Subject," Journal of Economic Issues 37: 175-207.
31. Lawson, T. (2005) "The Nature of Institutional Economics," Evolutionary and Institutional Economics Review 2: 7-20.
32. Milgrom, P. R. and Roberts, J. (1992) Economics, Organization, and Management, Englewood Cliffs, NJ: Prentice-Hall.
33. Mises, R. von (1940) "On the Foundations of Probability and Statistics," address delivered on September 11 at a meeting of the Institute of Mathematical Statistics in Hanover.
34. Myerson, R. B. (1999) "Nash Equilibrium and the History of Economic Theory," Journal of Economic Literature 37: 1067-1082.
35. O'Donnell, R. (1991) "Keynes's Weight of Argument and its Bearing on Rationality and Uncertainty," in B. W. Bateman (ed.) Keynes and Philosophy: Essays on the Origin of Keynes's Thought, Oxford: Clarendon Press, pp. 69-88.
36. Polanyi, M. (1967) The Tacit Dimension, London: Routledge and Kegan Paul.
37. Ramsey, F. P, (1926) "Truth and Probability," in The Foundations of Mathematics and Other Logical Essays, London: Routledge.
38. Savage, L. (1954) The Foundations of Statistics, New York: Wiley.
39. Searle, J. (1995) The Construction of Social Reality, New York: Free Press.
40. Searle, J. (2005) "What is an Institution?," Journal of Institutional Economics 1: 1-22.
41. Sen, A. (1993) "Internal Consistency of Choice," Econometrica 61: 495-521.
42. Shackle, G. L. S. (1967) The Years of High Theory: Invention and Tradition in Economic Thought 1926-1939, Cambridge: Cambridge University Press.
43. Williamson, O. E. (1975) Markets and Hierarchies, Analysis and Antitrust Implications: a Study in the Economics of Internal Organization, New York: Free Press.
44. Wittgenstein, L. (1967) Zettel, edited by G. E. M. Anscombe and G. H. von Wright. Translated by G. E. M. Anscombe, Oxford: Basil Blackwell.