skip to navigation skip to content
 

Jochen Runde

Jochen Runde

Professor of Economics & Organisation
Professorial Fellow of Girton College
Director of Studies in Management at Girton College and Murray Edwards College

BCom (Hons), MCom (University of the Witwatersrand), MPhil, PhD (University of Cambridge)

Research interests

Most current research activity is concentrated in the areas of social ontology and the ontology of technology (in collaboration with Philip Faulkner) and decision-making under extreme uncertainty (in collaboration with Alberto Feduzi); additional interests in explanation in the social sciences, institutional economics and the economics of the Austrian School.

Subject group: Economics & Policy

Professional experience

Jochen is co-editor of the Cambridge Journal of Economics, and a member of the Cambridge Social Ontology Group (CSOG). He is a former Fellow of the Cambridge-MIT Institute (CMI), where he served as Associate Director of the Professional Practice Programme (2001-2003) and Director of Graduate Programmes (2003-2005), and currently serves as Chair of the Chemical Engineering and Biotechnology Syndicate. He has previously served as Director of the MBA (2008-2013) and Director of Programmes (2007-2008) at Cambridge Judge Business School, on the Cambridge University Board of Graduate Studies (2003-2008), and on the Executive Committee of the University Careers Syndicate (2008-2011).

Previous appointments

Jochen has taught at Cambridge Judge Business School since 1999, prior to which he was Fellow and Lecturer in Economics (1992-1999) and Doris Woodall Research Fellow (1991-1992) at Girton College, Cambridge. Before moving to Cambridge, he was Lecturer in Economics at the Department of Economics, University of the Witwatersrand, in Johannesburg (1984-1990).

Selected publications

Here are a selection of Jochen Runde's publications. Please see the "Selected publications" tab above for a more comprehensive list.

Feduzi, A. and Runde, J. (2014) "Uncovering unknown unknowns: towards a Baconian approach to management decision-making." Organizational Behavior and Human Decision Processes, 124(2): 268-283 (DOI: 10.1016/j.obhdp.2014.04.001)

Ellsaesser, F., Tsang, E.W.K. and Runde, J. (2014) "Models of causal inference: imperfect but applicable is better than perfect but inapplicable." Strategic Management Journal, 35(10): 1541-1551 (DOI: 10.1002/smj.2164)

Faulkner, P. and Runde, J. (2013) "Technological objects, social positions and the transformational model of social activity." MIS Quarterly, 37(3): 803-818

Feduzi, A., Runde, J. and Zappia, C. (2012) "De Finetti on the insurance of risks and uncertainties." British Journal for the Philosophy of Science, 63(2): 329-356 (DOI: :10.1093/bjps/axr028)

Runde, J. and de Rond, M. (2010) "Evaluating causal explanations of specific events." Organization Studies, 31(4): 431-450

Faulkner, P. and Runde, J. (2009) "On the identity of technological objects and user innovations in function." Academy of Management Review, 34(3): 442-462

Journal articles

Runde, J.H. (1985) "Theory and history in marketing: a comment." Managerial and Decision Economics, 6(3): 183-190

Runde, J. and Torr, C. (1985) "Divergent expectations and rational expectations." South African Journal of Economics, 53(3): 217-225

Runde, J. (1990) "Keynesian uncertainty and the weight of arguments." Economics and Philosophy, 6(2): 275-292

Runde, J. (1991) "Keynesian uncertainty and the instability of beliefs." Review of Political Economy, 3(2): 125-145

Runde, J. (1993) "Paul Davidson and the Austrians: reply to Davidson." Critical Review, 7(2/3): 381-397

Runde, J. (1994) "Keynesian uncertainty and liquidity preference." Cambridge Journal of Economics, 18(2): 129-144

Runde, J. (1994) "Keynes after Ramsey: in defence of A treatise on probability." Studies in History and Philosophy of Science, 25(1): 97-121

Runde, J. (1995) "Chances and choices: some notes on probability and belief in economic theory." The Monist: An International Journal of General Philosophical Inquiry, 78(3): 330-351

Runde, J. (1996) "On Popper, probabilities, and propensities." Review of Social Economy, 54(4): 465-485

Runde, J. and Anand, P. (1997) "Special issue on rationality and methodology: introduction." Journal of Economic Methodology, 4(1): 1-21

Runde, J. (1998) "Clarifying Frank Knight's discussion of the meaning of risk and uncertainty." Cambridge Journal of Economics, 22(5): 539-546

Runde, J. (1998) "Some links between Keynes's A treatise on probability and the General theory [in Japanese]." Keizai Seminar, 523: 60-67

Runde, J. (1998) "Assessing causal economic explanations." Oxford Economic Papers, 50(2): 151-172

Lewis, P. and Runde, J. (1999) "Critical realist perspective on Paul Davidson's methodological writings on - and rhetorical strategy for - post Keynesian economics." Journal of Post Keynesian Economics, 22(1): 35-56

Runde, J. (2001) "Bringing social structure back into economics: on critical realism and Hayek's Scientism essay." Review of Austrian Economics, 14(1): 5-24

Runde, J. (2001) "On Stephen Parsons' philosophical critique of transcendental realism." Review of Political Economy, 13(1): 101-114

Blankenburg, S., Lawson, C., Lawson, T., Lewis, P., Pratten, S. and Runde, J. (2002) "Special issue on critical realism: introduction." Cambridge Journal of Economics, 26(6): 679-681

Runde, J. (2002) "Filling in the background." Journal of Economic Methodology, 9(1): 11-30

Runde, J. (2002) "Information, knowledge and agency: the information theoretic approach and the Austrians." Review of Social Economy, 60(2): 1-26

Bibow, J., Lewis, P. and Runde, J. (2005) "Uncertainty, conventional behavior, and economic sociology." The American Journal of Economics and Sociology, 64(2): 507-532

Boettke, P.J., Coyne, C.J., Davis, J., Guala, F., Marciano, A., Runde, J.and Schabas, M. (2006) "Where economics and philosophy meet: review of the Elgar Companion to Economics and Philosophy with responses from the authors." The Economic Journal, 116(512): F306-F325

Lewis, P. and Runde. J. (2007) "Subjectivism, social structure and the possibility of socio-economic order: the case of Ludwig Lachmann." Journal of Economic Behaviour and Organization, 62(2): 167-186

Faulkner, P. and Runde, J. (2009) "On the identity of technological objects and user innovations in function." Academy of Management Review, 34(3): 442-462

Runde, J., Jones, M., Munir, K. and Nikolychuk, L. (2009) "On technological objects and the adoption of technological product innovations: rules, routines and the transition from analogue photography to digital imaging." Cambridge Journal of Economics, 33(1): 1-24

Runde, J. (2009) "Dissecting the Black Swan." Critical Review, 21(4): 491-505

Runde, J. (2009) "Ontology and the foundations of evolutionary economic theory: on Dopfer and Potts'General Theory of Economic Evolution." Journal of Institutional Economics, 5(3): 361-378

Faulkner, P., Lawson, C. and Runde, J. (2010) "Theorising technology." Cambridge Journal of Economics, 34(1): 1-16

Runde, J. and de Rond, M. (2010) "Evaluating causal explanations of specific events." Organization Studies, 31(4): 431-450

Feduzi, A. and Runde. J. (2011) "The uncertain foundations of the welfare state." Journal of Economic Behavior and Organization, 80(3): 613-627 (DOI: 10.1016/j.jebo.2011.06.002)

Feduzi, A., Runde, J. and Zappia, C. (2012) "De Finetti on the insurance of risks and uncertainties." British Journal for the Philosophy of Science, 63(2): 329-356 (DOI: :10.1093/bjps/axr028)

Faulkner, P. and Runde, J. (2013) "Technological objects, social positions, and the transformational model of social activity." MIS Quarterly, 37(3): 803-818

Feduzi, A., Runde, J. and Zappia, C. (2014) "De Finetti on uncertainty." Cambridge Journal of Economics, 38(1): 1-21 (DOI: 10.1093/cje/bet054)

Feduzi, A. and Runde, J. (2014) "Uncovering unknown unknowns: towards a Baconian approach to management decision-making." Organizational Behavior and Human Decision Processes, 124(2): 268-283 (DOI: 10.1016/j.obhdp.2014.04.001)

Ellsaesser, F., Tsang, E.W.K. and Runde, J. (2014) "Models of causal inference: imperfect but applicable is better than perfect but inapplicable." Strategic Management Journal, 35(10): 1541-1551 (DOI: 10.1002/smj.2164)

Jackson, P., Runde, J., Dobson, P. and Richter, N. (2016) "Identifying mechanisms influencing the emergence and success of innovation within national economies: a realist approach." Policy Science (DOI: 10.1007/s11077-015-9237-6) (published online Dec 2015; forthcoming in print)

Special issues of journals

Runde, J. and Wilkinson, F. (eds.) (1993) "Special issue on German reunification." Cambridge Journal of Economics, 17(3)

Runde, J. and Anand, P. (eds.) (1997) "Special issue on rationality and methodology." Journal of Economic Methodology, 4(1)

Blankenburg, S., Lawson, C., Lawson, T., Lewis, P., Pratten, S. and Runde, J. (eds.) (2002) "Special issue on critical realism." Cambridge Journal of Economics, 26(6)

Faulkner, P., Lawson, C. and Runde, J. (eds.) (2010) "Special issue on the nature of technology." Cambridge Journal of Economics, 34(1)

Books, monographs, reports & case studies

Runde, J. and Mizuhara, S. (eds.) (2003) The philosophy of Keynes's economics: probability, uncertainty and convention. London: Routledge.

Davis, J.B., Marciano, A. and Runde, J. (eds.) (2004) The Elgar companion to economics and philosophy. Cheltenham: Edward Elgar.

Taylor, C., McCausland, D. and Runde, J. (2006) LiveEcon: macroeconomics principles. Fully electronic textbook. Aboyne: Interactyx Ltd.

Taylor, C., McCausland, D. and Runde, J. (2006) LiveEcon: macroeconomics intermediate. Fully electronic textbook. Aberdeen: Interactyx Ltd.

Faulkner, P., Runde, J., Aidt, T. and Taylor, S. (2007) LiveEcon: microeconomics essentials. Fully electronic textbook. Aberdeen: Interactyx Ltd.

Book chapters

Runde, J.H. (1988) "Subjectivism, psychology, and the modern Austrians." In Earl, P.E. (ed.): Psychology economics: development, tensions, prospects. Boston, Mass.: Kluwer Academic, pp.101-120

Runde, J. (1994) "Keynesian uncertainty and the weight of arguments." In Wood, J.C. (ed.): John Maynard Keynes, critical assessments. London: Routledge, pp.507-517

Runde, J. (1994) "The Keynesian probability-relation: in search of a substitute: comment." In Davis, J.B. (ed.): The state of interpretation of Keynes. Boston, Mass.: Kluwer Academic, pp.245-251

Runde, J. (1995) "Risk, uncertainty and Bayesian decision theory: a Keynesian view." In Dow, S. and Hillard, J. (eds.): Keynes, knowledge and uncertainty. Aldershot: Edward Elgar, pp.197-210

Runde, J. (1995) "Comment." In Cottrell, A.F. and Lawlor, M.S. (eds.): New perspectives on Keynes: annual supplement to Volume 27, History of Political Economy. Durham, N.C.: Duke University, pp.33-38

Runde, J. (1996) "Keynesian methodology." In Harcourt, G. and Riach, P. (eds.): 'Second edition' of The general theory: vol.2. London: Routledge, pp.222-243

Runde, J. (1997) "Comment: rules for prices?" In Frowen, S.F. (ed.): Hayek: economist and social philosopher: a critical retrospective. Houndsmill: Macmillan, pp.179-183

Runde, J. (1997) "Abstraction, idealization and economic theory." In Arestis, P., Palma, G. and Sawyer, M. (eds.): Markets, unemployment and economic policy: essays in honour of Geoff Harcourt: vol.2. London: Routledge, pp.16-29

Runde, J. (1998) "Shackle, G.L.S." In Davis, J.B., Hands, D.W. and Mäki, U. (eds.): The handbook of economic methodology. Cheltenham: Edward Elgar, pp.452-456

Runde, J. (1998) "Uncertainty, Keynesian/Knightian." In Davis, J.B., Hands, D.W. and Mäki, U. (eds.): The handbook of economic methodology. Cheltenham: Edward Elgar, pp.513-516

Runde, J. and Bibow, J. (1998) "Expectations and stock market prices." In Koppl, R. and Mongiovi, G. (eds.): Subjectivism and economic analysis: essays in memory of Ludwig M. Lachmann. London: Routledge, pp.183-200

Runde, J. (1999) "On Popper, probabilities and propensities." In Fleetwood, S. (ed.): Critical realism in economics: development and debate. London: Routledge, pp.63-82

Runde, J. (1999) "Uncertainty." In O'Hara, P.A. (ed.): Encyclopedia of political economy: vol.2: L-Z. London: Routledge, pp.1189-1192

Runde, J. (2000) "Shackle on probability." In Earl, P.E. and Frowen, S.F. (eds.): Economics as an art of thought: essays in memory of G.L.S. Shackle. London: Routledge, pp.214-241

Runde, J. (2001) "Chances and choices: notes on probability and belief in economic theory." In Maki, U. (ed.): The economic world view: studies in the ontology of economics. Cambridge: Cambridge University Press, pp.132-153

Lewis, P. and Runde, J. (2002) "Intersubjectivity in the socio-economic world: a critical realist perspective." In Fullbrook, E. (ed.): Intersubjectivity in economics: agents and structures. London: Routledge, pp.198-215

Runde, J. (2002) "Assessing creditworthiness and small-firm bank lending." In Arestis, P., Desai, M. and Dow, S. (eds.): Methodology, microeconomics and Keynes: essays in honour of Victoria Chick: vol.2. London: Routledge, pp.203-214

Runde, J. and Mizuhara, S. (2003) "Introduction." In Runde, J. and Mizuhara, S. (eds.): The philosophy of Keynes's economics: probability, uncertainty and convention. London: Routledge, pp.1-16

Runde, J. (2003) "On some explicit links between Keynes's A treatise on probability and The general theory." In Runde, J. and Mizuhara, S. (eds.): The philosophy of Keynes's economics: probability, uncertainty and convention. London: Routledge, pp.46-54

Bibow, J., Lewis, P. and Runde, J. (2003) "On convention: Keynes, Lewis and French School." In Runde, J. and Mizuhara, S. (eds.): The philosophy of Keynes's economics: probability, uncertainty and convention. London: Routledge, pp.185-195

Davis, J., Marciano, A. and Runde, J. (2004) "Introduction." In Davis, J.B., Marciano, A. and Runde, J. (eds.): The Elgar companion to economics and philosophy. Cheltenham: Edward Elgar, pp.xii-xxvii

Faulkner, P. and Runde, J. (2004) "Information, knowledge and modelling economic agency." In Davis, J.B., Marciano, A. and Runde, J. (eds.): The Elgar companion to economics and philosophy. Cheltenham: Edward Elgar, pp.423-445

Faulkner, P. and Runde, J. (2012) "On sociomateriality." In Leonardi, P.M., Nardi, B. and Kallinikos, J. (eds.) Materiality and organizing: social interaction in a technological world. Oxford: Oxford University Press, pp.49-66

Why Cambridge academics believe that Francis Bacon (1561-1626) may hold the key to business success

Researchers from Cambridge Judge Business School are developing a groundbreaking new approach to assessing – and managing – business risk and identifying …

Read more

Special lectures will explore how to avoid ‘Black Swans’

Expert on ‘Black Swan’ events Professor Jochen Runde will deliver lectures in Johannesburg and Cape Town and launch a Cambridge MBA scholarship …

Read more

FT ranks Cambridge MBA top one-year programme in the UK

The annual Financial Times global MBA rankings, published today (27 January), place Cambridge 16th, holding our position as the top ranked one-year …

Read more

Cambridge Judge Business School brews up scholarship success

Packaging manager Craig Hall, from the Northern brewery Thwaites has become the first scholarship graduate of the pioneering Cambridge General Management Programme …

Read more

Cambridge Judge Business School Executive Education collaborate with China Baoshang Bank and the Inner Mongolia Development Research Centre to deliver Summit

Cambridge Judge Business School Executive Education is collaborating with China Baoshang Bank and the Inner Mongolia Development Research Centre to deliver the …

Read more

Brewery executive wins first Stanhill Foundation Scholarship

Gains a place on Cambridge Judge Business School’s General Management Programme of Achievement Craig Hall, Packaging Manager at Thwaites Brewery, Blackburn has …

Read more

Financial Times Global MBA Rankings 2013 released today

The Financial Times MBA Rankings are released today. The Cambridge MBA is ranked joint 16th in the world – an improved ranking …

Read more

Recognising excellence

Cambridge Judge Business School announces Teaching Award winners and faculty promotions Cambridge Judge Business School is delighted to announce the winners of …

Read more

Fashion democracy

Former PhD student turns the fashion world around A former student from Cambridge Judge Business School, who has recently launched an Internet …

Read more

Battle of the Blues

It’s a war game between Cambridge and Oxford MBAs for ‘designer foods’ On 30 April 2012, MBA students from Cambridge Judge Business …

Read more

MBA student doodles his way to a successful business venture

An MBA student from Cambridge Judge Business School has just launched the Doodleslide Plugin – a library of stunning hand-drawn images designed …

Read more

The West Australian: Expecting the unexpected

Jochen Runde, Professor of Economics & Organisation at Cambridge Judge Business School, discusses the challenge of imagining possible futures in light of …

Read more

The Daily Telegraph: Flexible study options are on the rise: part time MBAs

The rise of the part-time MBA is one of the most robust trends in business education…Now in its fifth year, the EMBA …

Read more

HT Education: Moving beyond English

As new markets emerge, business schools are realising the need to turn out multilingual graduates… At Cambridge Judge Business School in the …

Read more

Contact details

Jochen Runde
Cambridge Judge Business School
University of Cambridge
Trumpington Street
Cambridge CB2 1AG
UK

Tel: +44 (0)1223 338082
Fax: +44 (0)1223 339701

j.runde@jbs.cam.ac.uk