Economic Theory

Big Players and the Economic Theory of Expectations by Roger Koppl (auth.)

By Roger Koppl (auth.)

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Example text

Hayek was an anti-foundationalist, anti-rationalist, and anti-Cartesian. He could not accept, therefore, Husserl’s attempt to ground all knowledge in a Cartesian meditation. But none of this speaks to the empirical accuracy of Schutz’s analysis of the life world. There are no basic philosophical obstacles to integrating Schutz and Hayek. Hayek and Schutz have consistent psychological theories. ” The same may be said of Hayek. In each case, action is explained as a patterned response to a situation that the agent must “define” and respond to.

In everyday action, some knowledge is taken for granted at any time. This taken-for-granted knowledge is a collection of “pre-experiences” of the world. These “unquestioned pre-experiences” are not themselves real experiences. They are “from the outset, at hand as typical” (1953, p. 8, emphasis in original). They come “carrying open horizons of anticipated similar experiences” (1953, p. 8). 2 Through the stock of knowledge at hand, we experience the world as a more or less structured whole containing “mountains,” “trees,” “animals,” “fellow-men,” and so on (1953, p.

The particulars of lived experience will be “filled in” when the anticipated and typified event is “actualized” in experience (Schutz 1959, p. 286). Earlier, I said that to interpret the “meaning” of another’s action is to apply some set of typifications to them. But it is a metaphor to say that we “apply” ideal types to our experiences. According to Husserl and, following him, Schutz, we attend to our experiences with a retrospective glance. I can’t think about my experience except by thinking back on it.

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