O'Reilly logo

The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means by George Soros

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 1
The Core Idea
My starting point is that our understanding of the world in which we live is inherently imperfect because we are part of the world we seek to understand. There may be other factors that interfere with our ability to acquire knowledge of the natural world, but the fact that we are part of the world poses a formidable obstacle to the understanding of human affairs.
Understanding a situation and participating in it involves two different functions. On the one hand people seek to understand the world in which they live. I call this the cognitive function. On the other, people seek to make an impact on the world and change it to their advantage. I used to call this the participating function, but now I consider it more appropriate ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required