Typicality and Novelty: Schütz and Shackle on the Paradox of Choice

Typicality and Novelty: Schütz and Shackle on the Paradox of Choice This paper discusses the thoughts of the Austrian/American phenomenologist Alfred Schütz (1899–1959) and the British economist George Shackle (1903–1992) and their views on choice, which are in many ways very different, perhaps even inconsistent, but also complementary and may even have some shared elements. This is in particular so with regard to the problem of the paradox of choice, the overall insight that for choice to be informative, it must neither be predetermined nor random. Shackle has mainly focused on the creative aspect—on how choice originates while Schütz has tended to focus more on how people are able to make non-random choices by referring to the “typical” features of action. The paper argues that there are many differences Schütz and Shackle. The possibility that they are complementary approaches is indicated. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

Typicality and Novelty: Schütz and Shackle on the Paradox of Choice

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 2001 by Kluwer Academic Publishers
Subject
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1023/A:1011112217316
Publisher site
See Article on Publisher Site

Abstract

This paper discusses the thoughts of the Austrian/American phenomenologist Alfred Schütz (1899–1959) and the British economist George Shackle (1903–1992) and their views on choice, which are in many ways very different, perhaps even inconsistent, but also complementary and may even have some shared elements. This is in particular so with regard to the problem of the paradox of choice, the overall insight that for choice to be informative, it must neither be predetermined nor random. Shackle has mainly focused on the creative aspect—on how choice originates while Schütz has tended to focus more on how people are able to make non-random choices by referring to the “typical” features of action. The paper argues that there are many differences Schütz and Shackle. The possibility that they are complementary approaches is indicated.

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Oct 6, 2004

References

  • The Emigration of the Austrian Economists
    Craver, E.

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