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In this ebook, sociologists, philosophers, and economists examine the conceptual concerns round the performativity of economics over numerous disciplinary contexts and supply new case stories illuminating this phenomenon. In that includes the most recent contributions to the performativity debate the ebook revives dialogue of the basic questions: What specified that means will we characteristic to the concept of performativity? What empirical facts may help us realize economics as performative? And what outcomes does performativity have for modern societies? The contributions exhibit how performativity can function a strong conceptual source in facing fiscal wisdom, as an inspiring framework for investigating performative practices, and as an engine of discovery for contemplating the commercial right.
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Additional info for Enacting Dismal Science: New Perspectives on the Performativity of Economics
In Sect. 5, I will discuss Michel Callon’s claim that the success of economic models depends on factors that have nothing to do with people’s beliefs about the theory itself. 6 defends the account of performatives as correlation devices from Mäki’s charge of ignoring the distinction between constitution and causation. 7 concludes with a summary of the argument. 2 AUSTIN ON PERFORMATIVITY In his masterpiece, How to Do Things with Words (1962), John Austin showed that many linguistic utterances have primarily pragmatic functions.
His examples, however, contain insights that can be turned into a full theory. In the case of marriage, the procedures are expressed by rules such as ‘the bride and groom must speak in front of witnesses’, ‘the ceremony must be administered by an official appointed by the Church or State’, and the like. These rules are conventional in two intuitive senses at least: (i) they are partly arbitrary (why should there be two witnesses rather than three or four? 3 John Searle (1969, 1995) has developed this aspect of Austin’s theory by introducing the concept of constitutive rule.
The Usefulness of Inaccurate Models: Towards an Understanding of the Emergence of Financial Risk Management. Accounting, Organizations and Society 32(7–8): 701–734. Mirowski, Philip and Edward Nik-Khan. 2013. Private Intellectuals and Public Perplexity: The Economics Profession and the Economic Crisis. History of Political Economy 45 (Annual Supplement): 279-311. Mirowski, Philip. 2015. Review of The Economics of Economists: Institutional Setting, Individual Incentives, and Future Prospects, Edited by Alessandro Lanteri and Jack Vromen.