I have just read George Soros theory of reflexivity, which proposes that people’s perceptions affect the pricing of markets.
From the looks of it, this theory has some parallels with Austrian theory, and could be useful for someone who understands Austrian economics and wants to trade on financial markets.
I have attached as a zipped .doc, however if you’d like to read it from the original source, you can see it here…
http://www.geocities.com/ecocorner/intelarea/gs1.html
What does everyone think about this in an Austrian context? Is there any conflict between it and the Austrian school of thought? Are there any parallels or similar which can be made with the Austrian school?