Ones and Tooze
The Economic Philosophy of George Soros
Sep 8, 2023
Delve into the economic philosophy behind George Soros' charity work and his alignment with financial markets and democracy. Explore his upbringing, the concept of an open society, and his economic beliefs. Discover Soros' critique of the Bush presidency, concerns about climate change, and his vision for a global political form.
38:08
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Quick takeaways
- George Soros developed the theory of reflexivity, which explores the role of knowledge and anticipation in financial markets and challenges excessively optimistic visions of technocratic knowledge.
- Soros's philanthropic efforts aim to foster an open society characterized by free media, scientific discourse, and political progress, indicating a nuanced approach to philanthropy and a commitment to progress on a global scale.
Deep dives
Soros's background and intellectual influences
George Soros, an important economic figure of the post-World War II era, developed the theory of reflexivity, which explores the role of knowledge and anticipation in financial markets. His upbringing in a multilingual, upper-class Hungarian family equipped him with a strong foundation in languages and philosophy. Soros connects fallibilism, the idea that scientific hypotheses are improved through refutation, to the way knowledge operates in society. He challenges excessively optimistic visions of technocratic knowledge and argues for openness, unpredictability, and reflexivity in shaping social and economic systems.
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