He did a very good attempt to explain his idea about reflexivity in financial market. I am not an economist, but i have seen major convergence between his theory and modern natural science, especially physics, which I took as my major in undergraduate study.
His reflective theory state that market participant can't have a perfect knowledge about the market since their effort to understand the market will distort the market and in the mean time the distorted market will influence their understanding. This will form a cyclic process.
I think his though has somewhat close relationship with modern physics.
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