Intuition and Analysis in the History of Economic Thought
Intuition and Analysis in the History of Economic Thought
The "Two Minds" noted economist Roger Frantz explores in this landmark book are, first, the analytical mind and, second, the intuitive mind. In part one he presents the leading theories on intuition, discusses recent developments in cognitive science, and borrows from such non-economist intuitors as Albert Einstein, Jonas Salk, Henri Poincare, Ludwig von Beethoven, and Robert Louis Stevenson to explore the role of intuition in science and creativity.
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As everyone knows, intuition is warm and fuzzy, qualitative, not measurable. It is, therefore, intuitively obvious, that intuition and economics are as if oil and water. What we call intuition is, like decision making, a natural information processing function of the brain.