ABSTRACT
It is not uncommon to hear those engaged in business or financial markets say that economic theoriesmight beOK in theory, but not in practice. Notmany of these practitioners open up a dialogue by saying precisely what is wrong with the theories in question, and how the theories might be reformulated to improve their alignment with practice. George Soros is a notable exception. ‘Fallibility, Reflexivity and the Human Uncertainty Principle’ (Soros, 2013) is a valuable addition to his earlier contributions to such a dialogue.
