Shackle on Choice, Imagination and Creativity: Hayekian Foundations

Cambridge Journal of Economics, Forthcoming

24 Pages Posted: 26 Feb 2015 Last revised: 27 Jun 2016

Date Written: June 26, 2016


This paper develops a response to some of the criticisms that have been made of G.L.S. Shackle’s analysis of human decision-making because of its reliance on a Cartesian account of the mind. It is argued that the basis for a response can be found in the work on theoretical psychology developed by Shackle’s fellow-subjectivist, and one-time PhD supervisor, F.A. Hayek. In particular, the ideas advanced by Hayek in his 1952 book, The Sensory Order can be used to provide an account of the mind that avoids the shortcomings of Shackle’s Cartesianism whilst still doing justice to Shackle’s emphasis on genuine choice, on expectations, and on the role of creativity and the imagination in human decision-making.

Keywords: Shackle, Hayek, psychology, mind, emergence, choice, uncertainty, imagination

JEL Classification: B2, B3, B4, B5

Suggested Citation

Lewis, Paul Andrew, Shackle on Choice, Imagination and Creativity: Hayekian Foundations (June 26, 2016). Cambridge Journal of Economics, Forthcoming, Available at SSRN: or

Paul Andrew Lewis (Contact Author)

King's College London ( email )

Bush House
London, WC2R 2LS
United Kingdom
+44 0 20 7848 3970 (Phone)
+44 0 20 7848 3970 (Fax)


Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
PlumX Metrics