On The Economic Philosophy Of Soros

Various events caused by Soros’ hedge funds in the field of international finance arebased on his philosophy theory. So it has important theoretical and practical significance forus to research on his philosophy thoughts. Soros developed epistemology by proposing therelational concept of “reflexivity” between thought and existence. He transformed thefalsification conventional theory proposed by his advisor Karl popper according to the newepistemological standpoints, put forward that the methods of social science research should bedifferent from the methods of natural science research and gave the specific research tools. Bythese new research tools, Soros made a deep analysis on economics and sociology, criticizethe traditional economics and proposed many economic concepts such as “static equilibrium”,“dynamic unbalance” and “approximate balance”. Based on these concepts, he built his owneconomic philosophy. According to the new economic theory, large-scale experiment wascarried out in the international financial market by Soros’ foundation and led to a series offinancial events such as sterling crisis and the Southeast Asian financial turmoil. It proves thevalidity of Soros’ theory. He also transformed Karl popper’s theory of the open societythrough the new research tools in the field of sociology, put forward a series of theories onsocial reality might be influenced by human’s prejudices and create the national rise and fallcycle theory by studying the upheaval of Soviet union and eastern European countries. Soros’thoughts shed light on the research of epistemology, economics and sociology.