Honorary Associate Professor Peter Earl
Honorary Associate Professor
Researcher biography
Honorary Associate Professor Peter Earl has over four decades of experience as a behavioural economist. Although this is the area in which his contributions are best known, his work has always been pluralistic in its method, with a focus on bringing together insights from Austrian, Behavioural, Evolutionary, Institutional and Post Keynesian economics. Much of Professor Earl’s work is also interdisciplinary, intersecting with entrepreneurial studies, management, marketing, psychology and sociology and influenced by ideas from the philosophy of science. His current major project is a book entitled Principles of Behavioral Economics: Bringing Together Old, New and Evolutionary Approaches.
Publications
Books
Earl, Peter E. and Littleboy, Bruce (2014). G.L.S. Shackle. Hampshire, United Kingdom: Palgrave Macmillan.
Earl, P. E. and Wakeley, T. (2004). Business Economics: A contemporary approach. 1st ed. UK: McGraw-Hill Education.
Earl, P. E. (2002). Information, Opportunism and Economic Coordination. 1st ed. UK: Edward Elgar.
Earl, Peter E. and Frowen, Stephen F. (2000). Economics as an art of thought: Essays in memory of G.L.S. Shackle. London, United Kingdom: Routledge. doi: 10.4324/9780203714058
Book Chapters
Earl, Peter E. (2023). Policy Challenges, Ideologies, and the Evolution of Behavioural Economics. Economic Policy and the History of Economic thought. (pp. 224-244) London, United Kingdom: Routledge. doi: 10.4324/9781003228097-14
Earl, Peter E. (2017). The evolution of behavioural economics. Routledge handbook of behavioral economics. (pp. 5-17) edited by Roger Frantz, Shu-Heng Chen, Kurt Dopfer, Floris Heukelom and Shabnam Mousavi. Abingdon, Oxon, United Kingdom: Routledge. doi: 10.4324/9781315743479
Earl, Peter E. (2016). Bounded rationality in the digital age. Minds, models and milieux : commemorating the centennial of the birth of Herbert Simon. (pp. 253-271) edited by Roger Frantz and Leslie Marsh. Houndmills, Basingstoke, Hampshire, United Kingdom: Palgrave Macmillan. doi: 10.1057/9781137442505_15
Earl, Peter E. (2013). Satisficing and cognition: complementarities between Simon and Hayek. Hayek and Behavioral Economics. (pp. 278-300) edited by Roger Frantz and Robert Leeson. Basingstoke, Hampshire, United Kingdom: Palgrave Macmillan. doi: 10.1057/9781137278159
Earl, Peter E. and Peng, Ti-Ching (2013). Economics fit for the Queen: barriers and opportunities. In defense of post-Keynesian and heterodox economics: responses to their critics. (pp. 172-201) edited by Frederic S. Lee and Mark Lavoie. London, United Kingdom: Routledge. doi: 10.4324/9780203095768
Earl, Peter E. (2012). Behavioural theory. Handbook on the economics and theory of the firm. (pp. 96-101) edited by Michael Dietrich and Jackie Krafft. Cheltenham, U. K.: Edward Elgar Publishing. doi: 10.4337/9781848446489.00017
Earl, Peter and Potts, Jason (2011). Creativity under competition and the overshooting problem. Creative industries and economic evolution. (pp. 55-67) Cheltenham, U.K.: Edward Elgar.
Earl, Peter E. (2011). Behavioural economics and public policy. Reading in Political Economy: Economics as a Social Science. (pp. 264-269) edited by George Argyrous and Frank Stilwell. Prahran, VIC, Australia: Tilde University Press.
Earl, Peter E. and Peng, Ti-Ching (2011). Home improvements. Handbook of the economics of leisure. (pp. 197-220) edited by Samuel Cameron. Cheltenham U.K., and Northhampton, M.A., U.S.A.: Edward Elgar.
Earl, Peter E. (2010). The sensory order, the economic imagination and the tacit dimension. The social science of Hayek's 'The Sensory Order'. (pp. 211-236) edited by William N. Butos. Bingley, United Kingdom: Emerald Group Publishing. doi: 10.1108/S1529-2134(2010)0000013011
Earl, Peter. E and Wakeley, Tim (2009). Price-based versus standards-based approaches to reducing car addiction and other environmentally destructive activities. Post Keynesian and ecological economics: Confronting environmental issues. (pp. 158-177) edited by Holt, Richard, P. F., Pressman, Steven and Spash, Clive. Cheltenham, UK: Edward Elgar.
Earl, Peter E. (2007). Consumer X-inefficiency and the problem of market regulation. Renaissance in Behavioral Economics: Essays in Memory of Harvey Leibenstein. (pp. 176-193) edited by Roger Frantz. New York, NY, U.S.A.: Routledge. doi: 10.4324/9780203020876
Chai, Andreas, Earl, Peter E. and Potts, Jason (2007). Fashion, growth and welfare: An evolutionary approach. The evolution of consumption: Theories and practices. (pp. 187-207) edited by Marina Bianchi. Bingley, W Yorks, United Kingdom: Emerald Group Publishing. doi: 10.1016/S1529-2134(07)10008-9
Earl, P. E. (2004). How Mainstream Economists Model Choice, versus How We Behave, and Why it Matters. A Guide to What's Wrong With Economics. (pp. 95-105) edited by E. Fullbrook. London: Anthem Press.
Earl, Peter E. and Potts, Jason (2004). Bounded rationality and decomposability: The basis for integrating cognitive and evolutionary economics. Models of a Man: Essays in Memory of Herbert A. Simon. (pp. 317-334) edited by Mie Augier and James G. March. Cambridge, MA, U.S.A.: MIT Press.
Earl, P. E. (2003). The perils of pluralistic teaching and how to reduce them. The Crisis in Economics. (pp. 90-93) edited by E. Fullbrook. London, UK: Routledge. doi: 10.4324/9780203180440
Earl, P. E. (2003). The Entrepreneur as a Constructor of Connections. Austrian Economics and Entrepreneurial Studies: Advances in Austrian Economics. (pp. 113-130) edited by Roger Koppl, Peter Kurrild-Klitgaard and Jack Birner. Amsterdam; London: JAI/Elsevier.
Earl, Peter E. (2000). Indeterminacy in the economics classroom. Economics as an Art of Thought. (pp. 25-50) edited by Peter Earl and S. Frowen. London, United Kingdom: Taylor and Francis. doi: 10.4324/9780203714058-9
Journal Articles
Earl, Peter E. (2023). Shackle's analysis of choice under uncertainty: its strengths, weaknesses and potential synergies with rival approaches. Journal of Post Keynesian Economics, 46 (3), 400-419. doi: 10.1080/01603477.2023.2222705
Earl, Peter E., Markey-Towler, Brendan and Coutts, Ken (2022). 50 Years Ago: Duncan Ironmonger’s New Commodities and Consumer Behaviour and its relationship with Lancaster’s ‘New Approach’ to consumer behaviour. History of Economics Review, 83 (1), 40-67. doi: 10.1080/10370196.2022.2106704
Earl, Peter E. (2022). Rules all the way down: consumer behaviour from the standpoint of the ‘ ONE behavioural’ research programme. Journal of Consumer Behaviour, 22 (3), 531-546. doi: 10.1002/cb.2035
Earl, Peter E. (2019). Book Review: Human Evolution, Economic Progress and Evolutionary Failure. Economic Record, 95 (311), 512-514. doi: 10.1111/1475-4932.12513
Earl, Peter E., Friesen, Lana and Shadforth, Christopher (2019). Elusive optima: A process tracing analysis of procedural rationality in mobile phone connection plan choices. Journal of Economic Behavior and Organization, 161, 303-322. doi: 10.1016/j.jebo.2019.03.021
Friesen, Lana and Earl, Peter E. (2019). An Experimental Analysis of Regulatory Interventions for Complex Pricing. Southern Economic Journal, 86 (3) soej.12414, 1241-1266. doi: 10.1002/soej.12414
Earl, Peter E. (2018). Richard H. Thaler: A Nobel Prize for Behavioural Economics. Review of Political Economy, 30 (2), 107-125. doi: 10.1080/09538259.2018.1513236
Earl, Peter E. (2018). G. L. Shackle's introspective behavioral economics. Journal of Behavioral Economics for Policy, 2 (1), 19-23.
Earl, Peter E. , Friesen, Lana and Shadforth, Christopher (2017). The efficiency of market-assisted choice: an experimental analysis of mobile phone connection service recommendations. Journal of Institutional Economics, 13 (4), 849-873. doi: 10.1017/S174413741700011X
Earl, Peter E. (2017). Lifestyle changes and the lifestyle selection process. Journal of Bioeconomics, 19 (1), 97-114. doi: 10.1007/s10818-016-9212-0
Earl, Peter E. and Potts, Jason (2016). The management of creative vision and the economics of creative cycles. Managerial and Decision Economics, 37 (7), 474-484. doi: 10.1002/mde.2733
Harcourt, G. C., Cosh, Andy, Hughes, Alan, Sen, Sunanda, Patnaik, Prabhat, Harris, Donald J., Whittington, Geoff, Meeks, Gay, Earl, Peter E., Rowthorn, Robert, Sen, Abhijit, Ghosh, Jayati, Nolan, Peter and Scherer, F. M. (2016). The legacy of Ajit Singh (11 September 1940-23 June 2015). Economic and Labour Relations Review, 27 (3), 293-313. doi: 10.1177/1035304616663348
Friesen, Lana and Earl, Peter E. (2015). Multipart tariffs and bounded rationality: an experimental analysis of mobile phone plan choices. Journal of Economic Behavior & Organization, 116, 239-253. doi: 10.1016/j.jebo.2015.04.016
Earl, Peter E (2015). Anchoring in economics: on Frey and Gallus on the aggregation of behavioural anomalies. Economics, 9 (2015-21), 1-25. doi: 10.5018/economics-ejournal.ja.2015-21
Earl, Peter E. (2014). On Skidelsky's Keynes and Other Essays: Selected Essays of GC. Economic Record, 90 (291), 553-556. doi: 10.1111/1475-4932.12158
Earl, Peter E. (2014). Bringing psychology and pluralism into the teaching of welfare economics. International journal of Pluralism and Economics Education, 5 (1), 58-77. doi: 10.1504/IJPEE.2014.062389
Earl, Peter E. and Potts, Jason (2013). The creative instability hypothesis. Journal of Cultural Economics, 37 (32), 153-173. doi: 10.1007/s10824-012-9174-6
Earl, Peter E. (2013). The robot, the party animal and the philosopher: an evolutionary perspective on deliberation and preference. Cambridge Journal of Economics, 37 (6), 1263-1282. doi: 10.1093/cje/bet046
Earl, Peter E. (2012). On Kahneman’s Thinking, Fast and Slow: what you see is not all there is. Prometheus, 30 (4), 449-455. doi: 10.1080/08109028.2012.741192
Earl, Peter E. and Peng, Ti-Ching (2012). Brands of economics and the trojan horse of pluralism. Review of Political Economy, 24 (3), 451-467. doi: 10.1080/09538259.2012.701927
Earl, Peter E. (2012). The economics of abundance: affluent consumption and the global economy [Book Review]. The Economic and Labour Relations Review, 23 (1), 173-184.
Earl, Peter E. (2012). Experiential analysis of automotive consumption. Journal of Business Research, 65 (7), 1067-1072. doi: 10.1016/j.jbusres.2011.02.013
Earl, Peter E. (2011). From anecdotes to novels: Reflective inputs for behavioural economics. New Zealand Economic Papers, 45 (1-2), 5-22. doi: 10.1080/00779954.2011.556067
Earl, Peter E. and Potts, Jason (2011). A Nobel Prize for governance and institutions: Oliver Williamson and Elinor Ostrom. Review of Political Economy, 23 (1), 1-24. doi: 10.1080/09538259.2011.526291
Foster, Michele M., Earl, Peter E., Haines, Terry P. and Mitchell, Geoffrey K. (2010). Unravelling the concept of consumer preference: Implications for health policy and optimal planning in primary care. Health Policy, 97 (2-3), 105-112. doi: 10.1016/j.healthpol.2010.04.005
Earl, Peter E. and Wakeley, Tim (2010). Economic perspectives on the development of complex products for increasingly demanding customers. Research Policy, 39 (8), 1122-1132. doi: 10.1016/j.respol.2010.05.006
Earl, Peter E. (2010). Economics fit for the Queen: a pessimistic assessment of its prospects. Prometheus, 28 (3), 209-225. doi: 10.1080/08109028.2010.511773
Earl, Peter E. (2009). Information technology and the economics of storing, spreading and generating knowledge. Prometheus, 27 (4), 389-401. doi: 10.1080/08109020903414275
Earl, Peter. E and Mandeville, Tom (2009). The competitive process in the age of the internet. Prometheus, 27 (3), 195-209. doi: 10.1080/08109020903127760
Earl, Peter E. and Wakeley, Tim (2009). Alternative perspectives on connections in economic systems. Journal of Evolutionary Economics, 20 (2), 163-183. doi: 10.1007/s00191-009-0147-7
Earl, P.E. (2008). Heterodox economics and the future of academic publishing. On The Horizon: the strategic planning resource for education professionals, 16 (4), 205-213. doi: 10.1108/107381208109125538
Earl, P. E. and Wakeley, T. (2007). Conjectures about future wants: some insights from evolutionary economics with reference to digital photography. International Journal of Technology Intelligence and Planning, 3 (1), 24-38. doi: 10.1504/IJTIP.2007.013036
Earl, Peter E., Peng, Ti-Ching and Potts, Jason (2007). Decision-rule cascades and the dynamics of speculative bubbles. Journal of Economic Psychology, 28 (3), 351-364. doi: 10.1016/j.joep.2006.08.001
Earl, P E (2006). Review of Hollywood Economics: How extreme uncertainty shapes the film industry, A. De Vaney, Routledge, London & New York, 2004. Review of Political Economy, 18 (4), 577-579. doi: 10.1080/09538250600915774
Earl, Peter E. (2006). Review of The Elgar Companion of Post Keynesian economics, (ed.) J.E. King, Cheltenham, Edward Elgar (2005). Journal of Economic Behavior & Organization, 60 (4), 608-611. doi: 10.1016/j.jebo.2005.12.001
Earl, P E (2006). Review of 'Schumpeter on the Economics of Innovation and the Development of Capitalism', Arnold Heertje, Edward Elgar, Cheltenham UK, Northampton MA, vii + 142 p.. History of Economics Review, 44, 120-122.
Earl, Peter E. (2005). Review of The economics of sin: Rational choice or no choice at all?, S. Cameron, Edward Elgar, Cheltenham, 2002. Journal of Economic Psychology, 26 (1), 147-149. doi: 10.1016/j.joep.2004.09.001
Earl, Peter E. (2005). Economics and psychology in the twenty-first century. Cambridge Journal of Economics, 29 (6), 909-926. doi: 10.1093/cje/bei077
Earl, Peter E. (2004). Mini-Symposium: Scope for cross-fertilization between economic psychology and Post Keynesian/institutional economics. Journal of Economic Psychology, 25 (5), 617-618. doi: 10.1016/j.joep.2004.01.001
Earl, Peter E. and Potts, Jason (2004). The market for preferences. Cambridge Journal of Economics, 28 (4), 619-633. doi: 10.1093/cje/28.4.619
Earl, Peter E. (2004). Review of The personality continuum and consumer behavior, P.J. Albanese, Quorum Books, Westport, CT, 2002. Journal of Economic Psychology, 25 (2), 293-296. doi: 10.1016/j.joep.2004.01.002
Earl, PE and Potts, J (2004). The market for preferences. Cambridge Journal of Economics, 28 (4), 619-633. doi: 10.1093/cje/beh020
Earl, P. E. (2002). The Perils of Pluralistic Teaching and How to Reduce Them. Post-Autistic Economics Review, 11 (30 January 2002), 1-3.
Earl, Peter E. (2001). Simon's Travel Theorem and the Demand for Live Music. Journal of Economic Psychology, 22 (3), 335-358. doi: 10.1016/S0167-4870(01)00037-X
Earl, P. E. (2001). Review of The psychology of saving: A study on economic psychology by K-E. Warneryd, Edwzrd Elgar Publishin, UK.. Journal of Economic Psychology, 22 (2), 295-299. doi: 10.1016/S0167-4870(00)00038-6
Earl, Peter E. and Potts, Jason (2000). Latent demand and the browsing shopper. Managerial and Decision Economics, 21 (3-4), 111-122. doi: 10.1002/mde.976
Conference Papers
Earl, P. E. and Wakeley, T. (2006). The economics of product development: A marginalist/evolutionary sythesis. Annual Conference of the Association for Heterodox Economics, London, U.K., 14-16 July 2006. London, U.K.: UCL/LSE.
Earl, P. E. and Wakeley, T. (2006). Entrepreneurship as a potential point of departure for a course in pluralist economic principles. Fifth Australian Society of Heterodox Economists Conference, UNSW Australia, 11-12 December 2006. Australia: Society of Heterodox Economists.
Earl, Peter E. and Wakeley, Tim (2005). The role of introspection, text and anecdotes in pluralistic approaches to economics. AHE Annual Conference 2005. The 7th Annual Conference of the Association for Heterodox Economics: Pluralism in Economics, London, U.K., 15-17 July, 2005. U.K.: Association for Heterodox Economics.
Earl, Peter E. and Wakeley, Tim (2005). Entrepreneurship as a Point of Departure for a Course in Pluralist Economic Principles. 2005 Conference of the Association for Heterodox Economics, City University, London, 15-17 July, 2005.
Working Paper
Earl, Peter E., Friesen, Lana and Kristin Hatherley (2011). Bounded Rationality and Consumer Research: Lessons From a Study of Choices of Mobile Phone Service Contracts. School of Economics Discussion Paper. 449. School of Economics, University of Queensland.
Preprint
Generic Document
Department Technical Report
Earl, Peter E. (2005). Behavioral Economics and the Economics of Regulation. School of Economics, The University of Queensland.
Research Report
Earl, P. E. (2005). Behavioural Economics and the Economics of Regulation. Australia: The University of Queensland.