Last year I discovered Jens Beckert’s research on the role of fictional expectations in the economy. Beckert interestingly contrasts the concept of fictional expectations with notion of rational expectations in economic theory, and in his recently published book Imagined Futures: Fictional Expectations and Capitalist Dynamics he further develops a sociological theory of expectations. Beckert’s work …
Tag: Expectations
The management of expectations, ‘temporal work’, and the functions of fictional expectations in structuring action in the present
Recently I’ve been reading some papers in which sociologists take the uncertainty and indeterminacy of decision situations (such as most decision situations in economic contexts) as a key starting point for their analysis and theory-building. For example, because of the fundamental uncertainty that characterises many decisions in economic contexts Jens Beckert argues that the decision-making …