G R Steele
Biographic Data
| ID | 701342 |
|---|---|
| NAME | G R Steele |
| GIVEN NAMES | G R |
| FAMILY NAME | Steele |
| SIGNATURE | STEELE G R |
| AFFILIATIONS | Lancaster University |
| ORCID | 0000-0001-5281-2922 |
| VERIFIED | Yes |
| TOTAL WORKS | 12 |
| TOTAL CITATIONS | 9 |
| WORKS AS AUTHOR | 12 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1988 |
| LATEST PUBLICATION YEAR | 2012 |
| H-INDEX | 2 |
Networks, Knowledge, and Entrepreneurship
Neural activity and social activity share close parallels, particularly the fact that spontaneous adaptations are paramount in both realms. Environmental pressures require organisms and societies to adapt to new and uncertain situations. Adaptations create, respectively, stronger neural and social networks that may, in turn, make the system more resilient to future uncertainties—but only if the adaptations are beneficial to the system
Progressive Taxation
That progressive taxation might offset a disproportionate burden of indirect taxes upon low income households sits at the heart of a suggestion from Friedrich Hayek. This concerns the manner in which a degree of progression might be accommodated and constrained to preclude arbitrary tax hikes upon minority income groups. While Hayek's proposal is permissive of socialist aims, it looks for efficiency in resource usage as reflected in the aspiratio…
Critical Realism and the Ontological Turn
I agree with Paul Lewis that mathematics has a valuable but not all-encompassing role in economics, that event regularities must be supplemented with a persuasive narrative, and that inferences can inform our understanding of economic behavior. However, Lewis's full-throated defense of critical realism does little to allay my original concerns. It is absurd to maintain, as critical realists do, that mainstream economics has nothing valuable to of…
Richard Layard's Happiness
Richard Layard believes that he has discovered the roots of happiness. He posits that: those in the West have been duped into playing the zero‐sum game of trying to outdo everyone else; that unhappiness is associated with all forms of rivalry; that happiness is located in the socialist ethos; and that pubic policy should be set to inhibit activities that bring extra income without extra happiness. When the salient features of the analysis are exa…
Psychology, social evolution and liberalism
The work of Friedrich Hayek describes an extensive political economy, with explicit consideration of the psychological limits to human understanding, the market as a mechanism of information gathering and social coordination, and the relationship between market processes and the free society, where moral and political issues are relevant within a framework of continuous adaptation. Although the survival characteristics of social institutions larg…
Critical thoughts about critical realism
As microeconomic calculus and macroeconomic estimation superseded earlier approaches to political economy, broad questions about how things are (ontology), how things might be known (epistemology), and how science should proceed (methodology) were neglected. As a corrective, Critical Realism (CR) has been proposed as an alternative to the orthodox deductive‐nomological (ODN) tradition; i.e., to mathematical deduction and statistical induction. In…
Understanding Economic Man
The deficiencies of economic science are examined against its historical development: the utilitarian concentration upon individual choice conflates preferences and values and the hedonistic calculus is inoperable in the presence of incommensurability. In restricting explanations of behavioral patterns to changes in prices, incomes, and other "economic" variables, neoclassical analysis was destined to draw implausible conclusions. While the uniqu…
Hayek's Sensory Order
Friedrich Hayek's theory of mind is shown to have anticipated Modern conceptualizations in neurology, psychology and artificial intelligence research. That theory is also a basis for the fullest understanding of Hayek's intellectual contributions in economics, epistemology, ethics, jurisprudence and politics. Hayek was the leading proponent of 20th-century Austrian microeconomics and the principal scourge of Keynesian macroeconomic demand managem…
The Money Economy
A trustworthy monetary system is necessary to support the division of labor and extended trading relationships. In the context of classical economics and of Keynes'macroeconomics, the origin of pervasive economywide problems have been traced to monetary disturbances. The relevance (to interest rate theory) of the market for credit and of bond price speculation is critical to judging the plausibility of those rival theories
Philosophical Perceptions and the Precepts of Political Economy
The respective conclusions reached by Friedrich Hayek and John Maynard Keynes concerning the proper relationship between government and the economy are widely documented and discussed, but there is little recognition of a shared philosophy. An opportunity to redress this omission comes with the publication of two important studies--Athol FitzGibbons's Keynes's Vision (1988) and Chadakitis Kukuthas's Hayek and Modern Liberalism (1989)--which, take…
Hayek's Contribution to Business Cycle Theory
Research Article| June 01 1992 Hayek's Contribution to Business Cycle Theory: A Modern Assessment G. R. Steele G. R. Steele 1 Search for other works by this author on: This Site Google History of Political Economy (1992) 24 (2): 477–491. https://doi.org/10.1215/00182702-24-2-477 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation G. R. Steele; Hayek's Contribution to Business Cycle Theory: A Modern As…
Hayek's Ricardo Effect
Research Article| November 01 1988 Hayek's Ricardo Effect G. R. Steele G. R. Steele Search for other works by this author on: This Site Google History of Political Economy (1988) 20 (4): 669–672. https://doi.org/10.1215/00182702-20-4-669 Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Share Icon Share Facebook Twitter LinkedIn Email Tools Icon Tools Permissions Cite Icon Cite Search Site Citation G. R…
Hayek's Contribution to Business Cycle Theory
Research Article| June 01 1992 Hayek's Contribution to Business Cycle Theory: A Modern Assessment G. R. Steele G. R. Steele 1 Search for other works by this author on: This Site Google History of Political Economy (1992) 24 (2): 477–491. https://doi.org/10.1215/00182702-24-2-477 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation G. R. Steele; Hayek's Contribution to Business Cycle Theory: A Modern As…
Critical thoughts about critical realism
As microeconomic calculus and macroeconomic estimation superseded earlier approaches to political economy, broad questions about how things are (ontology), how things might be known (epistemology), and how science should proceed (methodology) were neglected. As a corrective, Critical Realism (CR) has been proposed as an alternative to the orthodox deductive‐nomological (ODN) tradition; i.e., to mathematical deduction and statistical induction. In…
Understanding Economic Man
The deficiencies of economic science are examined against its historical development: the utilitarian concentration upon individual choice conflates preferences and values and the hedonistic calculus is inoperable in the presence of incommensurability. In restricting explanations of behavioral patterns to changes in prices, incomes, and other "economic" variables, neoclassical analysis was destined to draw implausible conclusions. While the uniqu…
Philosophical Perceptions and the Precepts of Political Economy
The respective conclusions reached by Friedrich Hayek and John Maynard Keynes concerning the proper relationship between government and the economy are widely documented and discussed, but there is little recognition of a shared philosophy. An opportunity to redress this omission comes with the publication of two important studies--Athol FitzGibbons's Keynes's Vision (1988) and Chadakitis Kukuthas's Hayek and Modern Liberalism (1989)--which, take…
Hayek's Ricardo Effect
Research Article| November 01 1988 Hayek's Ricardo Effect G. R. Steele G. R. Steele Search for other works by this author on: This Site Google History of Political Economy (1988) 20 (4): 669–672. https://doi.org/10.1215/00182702-20-4-669 Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Share Icon Share Facebook Twitter LinkedIn Email Tools Icon Tools Permissions Cite Icon Cite Search Site Citation G. R…
Hayek's Ricardo Effect
Research Article| November 01 1988 Hayek's Ricardo Effect G. R. Steele G. R. Steele Search for other works by this author on: This Site Google History of Political Economy (1988) 20 (4): 669–672. https://doi.org/10.1215/00182702-20-4-669 Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Share Icon Share Facebook Twitter LinkedIn Email Tools Icon Tools Permissions Cite Icon Cite Search Site Citation G. R…
Hayek's Contribution to Business Cycle Theory
Research Article| June 01 1992 Hayek's Contribution to Business Cycle Theory: A Modern Assessment G. R. Steele G. R. Steele 1 Search for other works by this author on: This Site Google History of Political Economy (1992) 24 (2): 477–491. https://doi.org/10.1215/00182702-24-2-477 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation G. R. Steele; Hayek's Contribution to Business Cycle Theory: A Modern As…
Philosophical Perceptions and the Precepts of Political Economy
The respective conclusions reached by Friedrich Hayek and John Maynard Keynes concerning the proper relationship between government and the economy are widely documented and discussed, but there is little recognition of a shared philosophy. An opportunity to redress this omission comes with the publication of two important studies--Athol FitzGibbons's Keynes's Vision (1988) and Chadakitis Kukuthas's Hayek and Modern Liberalism (1989)--which, take…
The Money Economy
A trustworthy monetary system is necessary to support the division of labor and extended trading relationships. In the context of classical economics and of Keynes'macroeconomics, the origin of pervasive economywide problems have been traced to monetary disturbances. The relevance (to interest rate theory) of the market for credit and of bond price speculation is critical to judging the plausibility of those rival theories
Hayek's Sensory Order
Friedrich Hayek's theory of mind is shown to have anticipated Modern conceptualizations in neurology, psychology and artificial intelligence research. That theory is also a basis for the fullest understanding of Hayek's intellectual contributions in economics, epistemology, ethics, jurisprudence and politics. Hayek was the leading proponent of 20th-century Austrian microeconomics and the principal scourge of Keynesian macroeconomic demand managem…
Understanding Economic Man
The deficiencies of economic science are examined against its historical development: the utilitarian concentration upon individual choice conflates preferences and values and the hedonistic calculus is inoperable in the presence of incommensurability. In restricting explanations of behavioral patterns to changes in prices, incomes, and other "economic" variables, neoclassical analysis was destined to draw implausible conclusions. While the uniqu…
Psychology, social evolution and liberalism
The work of Friedrich Hayek describes an extensive political economy, with explicit consideration of the psychological limits to human understanding, the market as a mechanism of information gathering and social coordination, and the relationship between market processes and the free society, where moral and political issues are relevant within a framework of continuous adaptation. Although the survival characteristics of social institutions larg…
Critical thoughts about critical realism
As microeconomic calculus and macroeconomic estimation superseded earlier approaches to political economy, broad questions about how things are (ontology), how things might be known (epistemology), and how science should proceed (methodology) were neglected. As a corrective, Critical Realism (CR) has been proposed as an alternative to the orthodox deductive‐nomological (ODN) tradition; i.e., to mathematical deduction and statistical induction. In…
Richard Layard's Happiness
Richard Layard believes that he has discovered the roots of happiness. He posits that: those in the West have been duped into playing the zero‐sum game of trying to outdo everyone else; that unhappiness is associated with all forms of rivalry; that happiness is located in the socialist ethos; and that pubic policy should be set to inhibit activities that bring extra income without extra happiness. When the salient features of the analysis are exa…
Progressive Taxation
That progressive taxation might offset a disproportionate burden of indirect taxes upon low income households sits at the heart of a suggestion from Friedrich Hayek. This concerns the manner in which a degree of progression might be accommodated and constrained to preclude arbitrary tax hikes upon minority income groups. While Hayek's proposal is permissive of socialist aims, it looks for efficiency in resource usage as reflected in the aspiratio…
Critical Realism and the Ontological Turn
I agree with Paul Lewis that mathematics has a valuable but not all-encompassing role in economics, that event regularities must be supplemented with a persuasive narrative, and that inferences can inform our understanding of economic behavior. However, Lewis's full-throated defense of critical realism does little to allay my original concerns. It is absurd to maintain, as critical realists do, that mainstream economics has nothing valuable to of…
Networks, Knowledge, and Entrepreneurship
Neural activity and social activity share close parallels, particularly the fact that spontaneous adaptations are paramount in both realms. Environmental pressures require organisms and societies to adapt to new and uncertain situations. Adaptations create, respectively, stronger neural and social networks that may, in turn, make the system more resilient to future uncertainties—but only if the adaptations are beneficial to the system
Law (11 works) · Political science (10 works) · Economics (9 works) · Economic Theory and Institutions (8 works) · Law (8 works) · Philosophy (7 works) · Politics (7 works) · Sociology (7 works) · Epistemology (6 works) · Economic Theory and Policy (5 works)