G.L.S. Shackle

1. Front Matter

   Pages i-xiii

   PDF

2. Introduction

   • Peter E. Earl, Bruce Littleboy

   Pages 1-6

3. Life and Vision

   • Peter E. Earl, Bruce Littleboy

   Pages 7-29

4. Shackle’s Economics

   • Peter E. Earl, Bruce Littleboy

   Pages 30-50

5. Possibility versus Probability: The Rhetoric of Choice

   • Peter E. Earl, Bruce Littleboy

   Pages 51-83

6. Potential Surprise and Choice

   • Peter E. Earl, Bruce Littleboy

   Pages 84-108

7. Critical Perspectives on Shackle’s Theory

   • Peter E. Earl, Bruce Littleboy

   Pages 109-137

8. Making Sense of Diversification

   • Peter E. Earl, Bruce Littleboy

   Pages 138-153

9. Shackle and Behavioural Economics

   • Peter E. Earl, Bruce Littleboy

   Pages 154-179

10. Lessons for Economists, Entrepreneurs and Business Schools

    • Peter E. Earl, Bruce Littleboy

    Pages 180-197

11. The Passage of Time: Shackle, Shell and Scenarios

    • Michael Jefferson

    Pages 198-214

12. Coda

    • Peter E. Earl, Bruce Littleboy

    Pages 215-217

13. Back Matter

    Pages 218-246

    PDF

This is an intellectual biography of G.L.S. Shackle, economic theorist, philosopher, and historian of economic theory. It explores how Shackle challenged the aims, methods and assumptions of mainstream economics. He stressed macroeconomic instability, and developed a radically subjectivist theory for behavioural economics and business planning.

• Investment decision-making
• kaleidic
• Keynes
• post Keynesian
• probability theory
• scenario planning
• Christian economics
• behavioural economics
• financial instability
• economic theory
• economics
• instability
• macroeconomics
• investments and securities

“This intellectual history of the English economist George Lennox Sharman Shackle is part of the Great Thinkers in Economics series. … this book provides a very good introduction to Shackle’s central concern–his theory of choice under uncertainty–and provides an excellent starting point for anyone wishing to become familiar with this important heterodox thinker.” (Gene Callahan, Journal of the History of Economic Thought, Vol. 38 (4), December, 2016)

• University of Queensland, Australia

  Peter E. Earl, Bruce Littleboy

Peter Earl is a former co-editor of the Journal of Economic Psychology and is Associate Professor of Economics at the University of Queensland, Australia. His many books include Economics as an Art of Thought: Essays in Memory of G.L.S. Shackle (2000) (editor, with Stephen Frowen).

Bruce Littleboy is Senior Lecturer in Economics at the University of Queensland, Australia. He wrote On Interpreting Keynes (1990) and was awarded a Shackle Studentship at St Edmund's College Cambridge in 2011.

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