The Future of Europe

Soros, Europe, uncertainty, prediction, understanding, fragility, feedback, interference, economics

By contrast I emphasize the role of misconceptions, misinterpretations and a sheer lack of understanding in shaping the course of events. I focus on the process of change rather than on the eventual outcome. The process involves reflexive feedback loops between the objective and subjective aspects of reality. Fallibility insures that the two aspects are never identical. That is where my framework differs from mainstream economics.

http://www.georgesoros.com/interviews-speeches/entry/the_future_of_europe/