| Description |
1 online resource |
| Series |
Outstanding Dissertations in Linguistics |
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Routledge INEM advances in economic methodology.
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| Contents |
Economics and Performativity- Front Cover; Economics and Performativity; Title Page; Copyright Page; Dedication; Contents; Acknowledgements; Introduction; Economics and economy: what is performativity?; Theorising both the failure and the success of performativity; Method of analysis; PART I: The performativist approach; Introduction to Part I; Chapter 1: From language to device: how economics shapes the world; From philosophy of language to social sciences; Bruno Latour on science in action; From science to social; From the social to the performative: an approach through the device |
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Conclusion: two types of performativityNotes; Chapter 2: The theory of performativity: a double remoteness; First remoteness: economic sociology and social embeddedness; Economic sociology: the market as a social structure and the enrichment of Homo economicus; Second remoteness: from the standard approaches to the social influence of economic theories; Two examples of double fractures; Polanyi and The Great Transformation; Conclusion: macro-social entities versus devices; Notes; Chapter 3: Criticisms of the sociological approach to performativity |
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Recurring criticism of the notion of performativityThe heart of the problem: relativism; Conclusion: the problem of counterperformativity; Notes; Conclusion to Part I; PART II: A conventionalist approach to performativity; Introduction to Part II; Chapter 4: Changing perspective: performativity, institutional fact and convention; Social reality according to John Searle; Assignment of function and performativity; Assignment of function and limits of performativity; Beyond Searle: performativity as a conventional process; Homomorphism between convention and a definition of theory |
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Conclusion: a conventionalist approachNotes; Chapter 5: An ontological focus; The origins of the concept of the emergent effect; Criticism of the notion of emergence; Institutions and epistemological irreducibility: how to endogenise the rules; From epistemological emergence to ontological emergence; Emergent effects and performativity; Notes; Conclusion to Part II; PART III: Three scenes of performativity; Introduction to Part III; Chapter 6: Performativity and empiricity: rationality and liberal paternalism; Performing by rationality; Liberal paternalism; Conclusion; Notes |
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Chapter 7: Performativity and self-fulfilment: the case of the Black-Scholes-Merton equationsFinancial phenomena and performativity: the Black-Scholes-Merton case; Stochastic norm and resistance of financial phenomena; Leptokurticity as a limit for performativity; Nuancing performativity; Conclusion; Notes; Chapter 8: A conventional limit to performativity: the example of organ trade; Transplantation and organ commerce; Performativity and the organ market; Conventional incompatibility; Conclusion; Notes; Conclusion to Part III; General conclusion; Note; Bibliography; Index |
| Summary |
Economists do more than merely describe an external economic world. They shape it in the image of their theories and models. This idea, following the philosophy of language, puts forward that economic theories are performative, and not only descriptive. This idea has become a powerful critique of the scientificity of economics since it removes the idea of an external world against which our description could be evaluated as truth. If any theory can become true, there are no true theories per se because there is no such thing as a pre-existing economy to describe. Is such a relativist stance a fatality? This is the question at stake in this book. Furthermore, the author asks if any theory is able to?perform' the social reality, or are there actually some limits to performativity? For philosophers, a performative statement is a statement that cannot fail to mean something, but can fail to do what it calls for. The state of the world may or may not be changed; the performative statement may be happy or unhappy. In economic terms, this can be interpreted as: some theories change the world while some do not. This book argues that this possibility of failure, a perspective previously missing from discussions on the subject, should be at the heart of any definition of failure. Taking on the question of why some theories change the world while others do not, this volume will be of interest to those studying advances courses on the philosophy of economics as well as those studying and researching in the areas of the philosophy of sciences and sociology of science and economics |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Description based on print version record and CIP data provided by publisher |
| Subject |
Economics -- Philosophy
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Performative (Philosophy)
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BUSINESS & ECONOMICS -- Economics -- General.
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BUSINESS & ECONOMICS -- Reference.
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Economics -- Philosophy.
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Performative (Philosophy)
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| Form |
Electronic book
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| LC no. |
2018013393 |
| ISBN |
9781351620932 |
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1351620932 |
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9781315112077 |
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1315112078 |
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9781351620949 |
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1351620940 |
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9781351620925 |
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1351620924 |
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