Jochen Runde

Research interests

Decision-making under extreme uncertainty, social ontology and the ontology of technology; explanation in the social sciences; innovation and entrepreneurship; institutional economics; the economics of the Austrian School.

Professional experience

Jochen is co-editor of the Cambridge Journal of Economics, and a member of the Cambridge Social Ontology Group (CSOG). He is Director of Faculty at Cambridge Judge Business School, where he has also served as Director of the MBA (2008-2013), Director of Programmes (2007-2008) and Head of the Economics & Policy subject group (2015-2017). 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 has served on the University of Cambridge Board of Graduate Studies (2003-2008) and 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).

## Awards & honours

• Pilkington Prize for Excellence in Teaching, University of Cambridge, 2017
• Best Article Award (for "De Finetti on uncertainty" by Feduzi, Runde and Zappia, Cambridge Journal of Economics), European Society for the History of Economic Thought (ESHET), 2016

## Selected publications

• Faulkner, P., Feduzi, A. and Runde, J. (2017) "Unknowns, Black Swans and the risk/uncertainty distinction." Cambridge Journal of Economics, 41(5): 1279-1302 (DOI: 10.1093/cje/bex035)
• 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)
• 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
• 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
• 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
• 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
• 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
• 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, 49(3): 233-256
• Pitelis, C. and Runde, J. (2017) "Capabilities, resources, learning and innovation: a blueprint for a post-classical economics and public policy." Cambridge Journal of Economics, 41(3): 679–691
• Faulkner, P., Feduzi, A. and Runde, J. (2017) "Unknowns, Black Swans and the risk / uncertainty distinction." Cambridge Journal of Economics, 41(5): 1279-1302
• Faulkner, P., Pratten, S. and Runde, J. (2017) "Cambridge social ontology: clarification, development and deployment." Cambridge Journal of Economics, 41
• Feduzi, A., Runde, J. and Zappia, C. (2017) "De Finetti and Savage on the normative relevance of imprecise reasoning: a reply to Arthmar and Brady." History of Economic Ideas, 25: 211-223