Jochen Runde
Dados Biográficos
| ID | 609664 |
|---|---|
| NOME | Jochen Runde |
| PRENOMES | Jochen |
| SOBRENOME | Runde |
| ASSINATURA | RUNDE J |
| AFILIAÇÕES | University of Cambridge |
| ORCID | 0000-0001-9596-5144 |
| VERIFICADO | Sim |
| TOTAL DE OBRAS | 18 |
| TOTAL DE CITAÇÕES | 49 |
| TOTAL COMO AUTOR | 18 |
| TOTAL COMO EDITOR | 0 |
| PRIMEIRO ANO DE PUBLICAÇÃO | 1991 |
| ANO MAIS RECENTE DE PUBLICAÇÃO | 2022 |
| ÍNDICE H | 5 |
The Elbphilharmonie and the Hamburg effect
Drawing on social positioning theory, we examine how the identity of the city of Hamburg has been affected by the identity and system functions of its recently completed Elbphilharmonie building. We explore the social positioning and identity formation processes involved, and argue that, rather than having a ‘Bilbao Effect’ as is often claimed, the Elbphilharmonie project is in fact having a distinct ‘Hamburg Effect’ of its own
Unknowns, Black Swans, and Bounded Rationality in Public Organizations
Unknowns” and “Black Swans” have become familiar terms in the public administration literature but tend to be used in different and often conflicting ways. This article provides a typology of the terms, develops a framework for thinking about how their elements relate, and distinguishes four varieties of the Black Swan. Using the Challenger Space Shuttle disaster, 9/11, the international withdrawal from Afghanistan, and the trade boycott associat…
Cambridge Social Ontology
Social ontology—the study of the nature and basic structure of the social realm—is currently enjoying a period of sustained growth and development, both as a field of study in its own right and as a project concerned with under-labouring for a variety of different social scientific disciplines including economics. One of the most active streams in this area emanates from Cambridge and a group of researchers operating at the interface between soci…
Identifying mechanisms influencing the emergence and success of innovation within national economies
De Finetti on the Insurance of Risks and Uncertainties
In the insurance literature, it is often argued that private markets can provide insurance against ‘risks’ but not against ‘uncertainties’ in the sense of Knight ([1921]) or Keynes ([1921]). This claim is at odds with the standard economic model of risk exchange which, in assuming that decision-makers are always guided by point-valued subjective probabilities, predicts that all uncertainties can, in theory, be insured. Supporters of the standard …
Dissecting the Black Swan
What constitutes a Black Swan? And under what conditions may a Black Swan be expected to arise? As Nassim Taleb describes it, a Black Swan is an event that displays three key properties, the two most important of which are that: (1) it is not even imagined as a possibility prior to its occurrence; and (2) it is in some way significant in its impact. It follows that whether or not an event counts as a Black Swan depends on the subjective imagining…
Subjectivism, social structures and the possibility of socio-economic order. The case of Ludwig Lachmann
We address the challenge of attempting to advance a strong and consistently subjectivist view of economic agency without simultaneously undermining the possibility of providing a coherent account of social institutions and socio-economic order. The argument is presented as a case study and development of the ideas of Ludwig Lachmann, a prominent and self-confessed 'radical subjectivist' member of the modern Austrian School, who was both aware of …
Where Economics and Philosophy Meet
Although Adam Smith’s 1776 Wealth of Nations is often cited as marking the birth of economics, it was really not until after the second world war that economics became the distinctive, more or less unified, and largely separate discipline summarised in the textbooks of today. Even a mere fifty years ago, it was possible for the intelligent reader to move with relative ease between economics on the one hand and political economy, sociology and soc…
Uncertainty, Conventional Behavior, and Economic Sociology
This paper addresses the problem of the conceptualization of social structure and its relationship to human agency in economic sociology. The background is provided by John Maynard Keynes's writings on uncertainty and conventional behavior on the stock market, and the analysis consists of a comparison of the social ontologies of the French Intersubjectivist School and the Economics as Social Theory Project in the light of these observations. The …
Philosophy of Keynes' Economics
Information, Knowledge and Agency
Both the Information Theoretic Economics and Austrian Economics investigate the impact on market activity of problems of information and knowledge. The conceptions of information and knowledge they employ, however, as well as their respective views on and treatment of economic agency, are quite different. The purpose of this paper is to examine these differences, not primarily from an abstract philosophical point of view, but by looking at substa…
On Stephen Parsons' Philosophical Critique of Transcendental Realism
This paper replies to Stephen Parsons' critique of Tony Lawson's Economics and Reality recently published in this journal. The topics addressed include Lawson's critique of empirical realism; Lawson's definition of 'structures'; theories of truth; the relationship between mainstream economics and empirical realism; and the possibility of naturalism
Bringing Social Structure Back into Economics
On Popper, Probabilities, And Propensities
This paper traces the development of Popper's thinking on propensities from his writings on probability during the 1950s through to his 1990 bookA World of Propensities. It is argued that there are significant commonalities between the views expressed in this (his last) book and the metaphysics and methodological implications of Critical Realism. The paper concludes with some consequences for Popperian falsificationism, situational determinism an…
Keynes after Ramsey
Paul Davidson and the Austrians
Paul Davidson's critique of O'Driscoll and Rizzo is based on an “official” philosophical position that turns on an opposition between knowledge and ignorance (in epistemology) and a corresponding opposition between ergodic and nonergodic processes (in ontology). But Davidson's substantive analysis reveals a very different “unofficial” position, based on “sensible expectations” and a realist ontology of enduring social structures. While O'Driscoll…
On Interpreting Keynes
Journal Article On Interpreting Keynes: A Study in Reconciliation Get access On Interpreting Keynes: A Study in Reconciliation. By Bruce Littleboy. (London and New York: Routledge, 1991. Pp. xiii + 340. £40.00 hardback. ISBN 0 415 04475 8.) Jochen Runde Jochen Runde University of Cambridge Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 102, Issue 413, 1 July 1992, Pages 962–963, https://doi.o…
Keynesian uncertainty and the instability of beliefs
In an influential critique, Coddington (1982) argues that Keynes uses the theme of uncertainty in an opportunistic way in the General theory emphasizing it when it suits his purposes and ignoring it when it does not. This reading is examined in the light of Keynes's earlier Treatise on probability. The first part of the paper argues that Keynes's epistemology differs in important respects from the one Coddington is attacking, and in particular, t…
Subjectivism, social structures and the possibility of socio-economic order. The case of Ludwig Lachmann
We address the challenge of attempting to advance a strong and consistently subjectivist view of economic agency without simultaneously undermining the possibility of providing a coherent account of social institutions and socio-economic order. The argument is presented as a case study and development of the ideas of Ludwig Lachmann, a prominent and self-confessed 'radical subjectivist' member of the modern Austrian School, who was both aware of …
Paul Davidson and the Austrians
Paul Davidson's critique of O'Driscoll and Rizzo is based on an “official” philosophical position that turns on an opposition between knowledge and ignorance (in epistemology) and a corresponding opposition between ergodic and nonergodic processes (in ontology). But Davidson's substantive analysis reveals a very different “unofficial” position, based on “sensible expectations” and a realist ontology of enduring social structures. While O'Driscoll…
Cambridge Social Ontology
Social ontology—the study of the nature and basic structure of the social realm—is currently enjoying a period of sustained growth and development, both as a field of study in its own right and as a project concerned with under-labouring for a variety of different social scientific disciplines including economics. One of the most active streams in this area emanates from Cambridge and a group of researchers operating at the interface between soci…
Dissecting the Black Swan
What constitutes a Black Swan? And under what conditions may a Black Swan be expected to arise? As Nassim Taleb describes it, a Black Swan is an event that displays three key properties, the two most important of which are that: (1) it is not even imagined as a possibility prior to its occurrence; and (2) it is in some way significant in its impact. It follows that whether or not an event counts as a Black Swan depends on the subjective imagining…
Keynes after Ramsey
Bringing Social Structure Back into Economics
On Popper, Probabilities, And Propensities
This paper traces the development of Popper's thinking on propensities from his writings on probability during the 1950s through to his 1990 bookA World of Propensities. It is argued that there are significant commonalities between the views expressed in this (his last) book and the metaphysics and methodological implications of Critical Realism. The paper concludes with some consequences for Popperian falsificationism, situational determinism an…
Keynesian uncertainty and the instability of beliefs
In an influential critique, Coddington (1982) argues that Keynes uses the theme of uncertainty in an opportunistic way in the General theory emphasizing it when it suits his purposes and ignoring it when it does not. This reading is examined in the light of Keynes's earlier Treatise on probability. The first part of the paper argues that Keynes's epistemology differs in important respects from the one Coddington is attacking, and in particular, t…
Uncertainty, Conventional Behavior, and Economic Sociology
This paper addresses the problem of the conceptualization of social structure and its relationship to human agency in economic sociology. The background is provided by John Maynard Keynes's writings on uncertainty and conventional behavior on the stock market, and the analysis consists of a comparison of the social ontologies of the French Intersubjectivist School and the Economics as Social Theory Project in the light of these observations. The …
Keynesian uncertainty and the instability of beliefs
In an influential critique, Coddington (1982) argues that Keynes uses the theme of uncertainty in an opportunistic way in the General theory emphasizing it when it suits his purposes and ignoring it when it does not. This reading is examined in the light of Keynes's earlier Treatise on probability. The first part of the paper argues that Keynes's epistemology differs in important respects from the one Coddington is attacking, and in particular, t…
On Interpreting Keynes
Journal Article On Interpreting Keynes: A Study in Reconciliation Get access On Interpreting Keynes: A Study in Reconciliation. By Bruce Littleboy. (London and New York: Routledge, 1991. Pp. xiii + 340. £40.00 hardback. ISBN 0 415 04475 8.) Jochen Runde Jochen Runde University of Cambridge Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 102, Issue 413, 1 July 1992, Pages 962–963, https://doi.o…
Paul Davidson and the Austrians
Paul Davidson's critique of O'Driscoll and Rizzo is based on an “official” philosophical position that turns on an opposition between knowledge and ignorance (in epistemology) and a corresponding opposition between ergodic and nonergodic processes (in ontology). But Davidson's substantive analysis reveals a very different “unofficial” position, based on “sensible expectations” and a realist ontology of enduring social structures. While O'Driscoll…
Keynes after Ramsey
On Popper, Probabilities, And Propensities
This paper traces the development of Popper's thinking on propensities from his writings on probability during the 1950s through to his 1990 bookA World of Propensities. It is argued that there are significant commonalities between the views expressed in this (his last) book and the metaphysics and methodological implications of Critical Realism. The paper concludes with some consequences for Popperian falsificationism, situational determinism an…
On Stephen Parsons' Philosophical Critique of Transcendental Realism
This paper replies to Stephen Parsons' critique of Tony Lawson's Economics and Reality recently published in this journal. The topics addressed include Lawson's critique of empirical realism; Lawson's definition of 'structures'; theories of truth; the relationship between mainstream economics and empirical realism; and the possibility of naturalism
Bringing Social Structure Back into Economics
Information, Knowledge and Agency
Both the Information Theoretic Economics and Austrian Economics investigate the impact on market activity of problems of information and knowledge. The conceptions of information and knowledge they employ, however, as well as their respective views on and treatment of economic agency, are quite different. The purpose of this paper is to examine these differences, not primarily from an abstract philosophical point of view, but by looking at substa…
Philosophy of Keynes' Economics
Uncertainty, Conventional Behavior, and Economic Sociology
This paper addresses the problem of the conceptualization of social structure and its relationship to human agency in economic sociology. The background is provided by John Maynard Keynes's writings on uncertainty and conventional behavior on the stock market, and the analysis consists of a comparison of the social ontologies of the French Intersubjectivist School and the Economics as Social Theory Project in the light of these observations. The …
Where Economics and Philosophy Meet
Although Adam Smith’s 1776 Wealth of Nations is often cited as marking the birth of economics, it was really not until after the second world war that economics became the distinctive, more or less unified, and largely separate discipline summarised in the textbooks of today. Even a mere fifty years ago, it was possible for the intelligent reader to move with relative ease between economics on the one hand and political economy, sociology and soc…
Subjectivism, social structures and the possibility of socio-economic order. The case of Ludwig Lachmann
We address the challenge of attempting to advance a strong and consistently subjectivist view of economic agency without simultaneously undermining the possibility of providing a coherent account of social institutions and socio-economic order. The argument is presented as a case study and development of the ideas of Ludwig Lachmann, a prominent and self-confessed 'radical subjectivist' member of the modern Austrian School, who was both aware of …
Dissecting the Black Swan
What constitutes a Black Swan? And under what conditions may a Black Swan be expected to arise? As Nassim Taleb describes it, a Black Swan is an event that displays three key properties, the two most important of which are that: (1) it is not even imagined as a possibility prior to its occurrence; and (2) it is in some way significant in its impact. It follows that whether or not an event counts as a Black Swan depends on the subjective imagining…
De Finetti on the Insurance of Risks and Uncertainties
In the insurance literature, it is often argued that private markets can provide insurance against ‘risks’ but not against ‘uncertainties’ in the sense of Knight ([1921]) or Keynes ([1921]). This claim is at odds with the standard economic model of risk exchange which, in assuming that decision-makers are always guided by point-valued subjective probabilities, predicts that all uncertainties can, in theory, be insured. Supporters of the standard …
Identifying mechanisms influencing the emergence and success of innovation within national economies
Cambridge Social Ontology
Social ontology—the study of the nature and basic structure of the social realm—is currently enjoying a period of sustained growth and development, both as a field of study in its own right and as a project concerned with under-labouring for a variety of different social scientific disciplines including economics. One of the most active streams in this area emanates from Cambridge and a group of researchers operating at the interface between soci…
The Elbphilharmonie and the Hamburg effect
Drawing on social positioning theory, we examine how the identity of the city of Hamburg has been affected by the identity and system functions of its recently completed Elbphilharmonie building. We explore the social positioning and identity formation processes involved, and argue that, rather than having a ‘Bilbao Effect’ as is often claimed, the Elbphilharmonie project is in fact having a distinct ‘Hamburg Effect’ of its own
Unknowns, Black Swans, and Bounded Rationality in Public Organizations
Unknowns” and “Black Swans” have become familiar terms in the public administration literature but tend to be used in different and often conflicting ways. This article provides a typology of the terms, develops a framework for thinking about how their elements relate, and distinguishes four varieties of the Black Swan. Using the Challenger Space Shuttle disaster, 9/11, the international withdrawal from Afghanistan, and the trade boycott associat…
Economic Theory and Institutions (14 obras) · Economics (13 obras) · Epistemology (13 obras) · Sociology (12 obras) · Philosophy (10 obras) · Positive economics (9 obras) · Philosophy (8 obras) · Law (6 obras) · Political science (6 obras) · Social science (6 obras)