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Keynote papers from WEA online conference – Economic Philosophy: Complexities in Economics

Strategies in relation to complexities: From neoclassical cost-benefit analysis to positional analysis
Peter Söderbaum
In this essay neoclassical Cost-Benefit Analysis (CBA) is criticized as beinng too simplistic and also too specific in ideological terms. Positional Analysis (PA) is advocated as an alternative based on a definition of economics in terms of multidimensional analysis and …  More    13 Comments


A Cognitive Behavioral Modelling for Coping with Intractable Complex Phenomena in Economics and Social Science: Deep Complexity
Robert Delorme
It is argued in this paper that there is an issue of complex phenomenal intractability in economics, in particular, and in social science in general, and that it is unduly neglected in theorizing in these areas. This intractability is complex … More      32 Comments

  1. December 11, 2017 at 7:59 am

    The last comment on Delorme’s paper ended with my reference to the inspiration of my analysis of different types of complexity:

    [1] S R Ranganathan, “Hidden Roots of Classification”, Information Storage and Retrieval, 3(4), Dec 1967, pp.399-410.

    That was aimed at Deep Complexity: in material rather than superficial appearances. What didn’t follow sequentially in the linear discussion were the processes energising the material and the Copernican revolution in perception of motion and motivation whereby the current economic political orthodoxy and basic lack of grateful religious commitment become the new heterodoxy, while Christian subsidiarity becomes the new Orthodoxy. I would like to reference these by adding:

    [2] Arthur M Young, “The Geometry of Meaning”, 1976, USA CA 94941: Robert Briggs Associates.

    [3] G K Chesterton, “Orthodoxy”, 1908, The Bodley Head. [On line and still in print].

  2. December 14, 2017 at 7:28 pm

    Trying to find a reference to Ptolemaic epicycles, I have been very surprised to find the process philosopher saying much what I have been saying about matter involving the localisation of energy:

    “The quantum theory wants trolley-cars with a limited number of routes, and the scientific picture provides horses galloping over the prairies”.

    I must have read this fifty years ago. In any case, coming from this founder of process philosophy, the whole section is extremely interesting and ties well with what I have been trying to say. Let me therefore add yet another reference:

    [4] A N Whitehead, “Science and the Modern World”, 1926, Pelican (Penguin) 1938, Ch.8, pp.153-162.

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