ABSTRACT
George Soros' central contention, the core of his proposed 'new paradigm', is advanced under the head of reflexivity. A central argument here is that Soros' criticisms do not quite go far enough. Though the shortcomings may seem minor, they bear implications regarding the sorts of contribution likely to be encouraged within Soros' recent venture, systematised as the International Network for Economic Thinking (INET). John Muth's intention in forming the rational expectations hypothesis, was merely to constrain the predictions attributed to human individuals that are modelled to be consistent with the predictions generated by the economic model within which the same agents are theorised. At times Soros does seem critical of the emphasis on mathematical modelling per se in economics. Soros clearly does recognise that the lack of realisticness and relevance of modern economics matters.
