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Economics and Performativity - Exploring Limits, Theories and Cases (Paperback)
Loot Price: R1,266
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Economics and Performativity - Exploring Limits, Theories and Cases (Paperback)
Series: Routledge INEM Advances in Economic Methodology
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Total price: R1,286
Discovery Miles: 12 860
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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.
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