The Nature of Economic Thought explores the philosophical underpinnings of economic decision-making, challenging the notion of economics as purely logical.

This collection of papers by G. L. S. Shackle, originally published in 1966, presents his belief that economics is intrinsically linked to understanding human nature. Shackle, known for his work on decision-making under uncertainty and contributions to interest rate theory, combines theoretical insights with practical business acumen. The volume showcases his unique approach to economic thought, emphasizing its role in describing the integral nature of man rather than abstract logical systems.

This collection is regarded as a significant contribution to the understanding of economic thought, particularly for its emphasis on the human element in economic decision-making. Scholars familiar with Shackle's work on uncertainty and interest rates will find a concentrated presentation of his core philosophical approach. The papers likely offer a dense, analytical perspective for those interested in the history of economic ideas and the intersection of psychology and economics. The volume serves as a valuable resource for understanding Shackle's influential perspective on the field.