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

Mie Augier

The Review of Austrian Economics, 2001, vol. 14, issue 2-3, 193-207

Abstract: This paper discusses the thoughts of the Austrian/American phenomenologist Alfred Schutz (1899-1959) and the British economist George Shackle (1903-92) 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 Schutz 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 Schutz and Shackle. The possibility that they are complementary approaches is indicated. Copyright 2001 by Kluwer Academic Publishers

Date: 2001
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