The years of epistemological – and a fortiori, methodological – Manicheism waded: since the seventies, excepted for the supporters of positivism, as an epistemological position, and mathematical analytical approach, as a methodological position, methodological pluralism and non-positivist...

“No trade” theorems establish that, in various trading environments, investors who share a common prior will not engage in speculation, as long as expected utility, Bayesian updating and full awareness are imposed. We relax the last assumption by allowing for asymmetric unawareness and...

We propose a model of learning when experimentation is possible, but unawareness and ambiguity matter. In this model, complete lack of information regarding the underlying data generating process is expressed as a (maximal) family of priors. These priors yield posterior inferences that become...

The paper examines one of the considerations that determines the extent to which policymakers pursue the objectives demanded by constituents. The nature and extent of their ignorance serve to determine the incentives confronted by policymakers to pursue their constituents' demands. The paper...

If entrepreneurship is amid jungle of theories and has many theorists, its social orientation or what is known as social entrepreneurship (SE) is amid arid land of theories and suffers under-theorizing which could be inherently stemmed from its diversely proposed definitions. To be situated in...

The present essay investigates F.A. Hayek's epistemology and his methodology of sciences of complex phenomena for implications relevant to an explanation of Hayek's own so-called “epistemic turn.” The thesis defended here is that Hayek's dissatisfaction with his technical economics – in...

Organizational knowledge is at the center of the debate focused on the nature of knowledge, where the perspective of knowledge as possession opposes the perspective of knowledge as practice. These two views are rooted in the radical versions of realist and constructivist epistemology,...