Soros--The Core Idea

George Soros (The Crash of 2008 and What it Meant;  the New Paradigm For Financial Markets) begins with the axiom that life is imperfect.  Man attempts to function in this imperfect world using a set of principles, and he tries to make an impact.  Generally a person attempts to operate with both approaches simultaneously.  Reflexive situations occur as a person encounters reality.  The notion that all transactions follow a supply and demand relationship does not always function.  Uncertainty messes up the easy paradigm and demands a correction in the equation.

Too much of economic theory has a self referential paradox.  It imposes itself upon itself, and may not always depict reality.  Reflexivity attempts to correct the erroneous in the social relationships.  Ideologies can lead people into the wrong places.

I find this new theory of economics worth inspection.  Certainly nations have found themselves terribly caught up in enormous panics as the majority becomes disillusioned.  Holding on stubbornly to a paradigm that fails only engenders more failure.  

I not only want to study Soros's new paradigm, but I want to see how others see it.