Talk:G. L. S. Shackle

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Copyright problem removed[edit]

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"he has been described as drawing "Keynesian conclusions from Austrian premises.""[edit]

It seems to me that this is an extremely contentious interpretation of Shackle's work. The only area of Austrian theory that remotely interested Shackle was Bohm-Bawerk's capital theory. Apart from that Shackle's work was wholly and consciously derived from Keynes. This is particularly shown in the fact that he rejects the time preference theory of the interest rate and thus, implicitly, the idea of a "natural rate of interest" and instead endorses Keynes' liquidity preference theory of the interest rate.

I note that the quote that Shackle supposedly arrived at "Keynesian conclusions from Austrian premises" is not cited. Can we get a citation on this and make clear that this is a contentious view? Otherwise I think this passage should be removed.

O5o7 (talk) 16:01, 26 December 2014 (UTC)[reply]

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"High Theory" in economics[edit]

I read the term "high theory" in something I'd Googled up, and having survived 72 years without taking note of it, searched for it w/ G-search & the other obvious Web tool, finding nothing as tantalizing as GLSS's use of it, IIRC in an opening-chapter's title. (Google his name and "high theory".) 'He', it seems, found it transparently clear, and I think I've established that, for me, it is not. Thots?
--

 Jerzy•t 08:05, 11 October 2018 (UTC)[reply]