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Imagined Futures: Fictional Expectations and Capitalist Dynamics
Jens Beckert
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Description for Imagined Futures: Fictional Expectations and Capitalist Dynamics
Hardback. Consumers, investors, and corporations orient their activities toward a future that contains opportunities and risks. How do these actors assess uncertainty? Jens Beckert adds a new chapter to the theory of capitalism by showing how fictional expectations drive modern economies-or throw them into crisis when imagined futures fail to materialize. Num Pages: 358 pages. BIC Classification: JHBA; JPA; KCA. Category: (P) Professional & Vocational. Dimension: 235 x 156. .
In a capitalist system, consumers, investors, and corporations orient their activities toward a future that contains opportunities and risks. How actors assess uncertainty is a problem that economists have tried to solve through general equilibrium and rational expectations theory. Powerful as these tools are, they underestimate the future's unknowability by assuming that markets correctly forecast what is to come. Jens Beckert adds a new chapter to the theory of capitalism by demonstrating how fictional expectations drive modern economies-or throw them into crisis when imagined futures fail to materialize. Collectively held images of how the future will unfold free actors ... Read more
In a capitalist system, consumers, investors, and corporations orient their activities toward a future that contains opportunities and risks. How actors assess uncertainty is a problem that economists have tried to solve through general equilibrium and rational expectations theory. Powerful as these tools are, they underestimate the future's unknowability by assuming that markets correctly forecast what is to come. Jens Beckert adds a new chapter to the theory of capitalism by demonstrating how fictional expectations drive modern economies-or throw them into crisis when imagined futures fail to materialize. Collectively held images of how the future will unfold free actors ... Read more
Product Details
Publisher
Harvard University Press
Format
Hardback
Publication date
2016
Condition
New
Weight
686g
Number of Pages
358
Place of Publication
Cambridge, Mass, United States
ISBN
9780674088825
SKU
V9780674088825
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Jens Beckert
Jens Beckert is Professor of Sociology and Director of the Max Planck Institute for the Study of Societies in Cologne.
Reviews for Imagined Futures: Fictional Expectations and Capitalist Dynamics
Much of the literature in the sociology of markets has focused on making sense of the social structuring of markets by governments, firms, networks, and market devices. Jens Beckert's book reminds us that the people who produce markets have to figure out what the future is like in order to build it. This act of imagination and the leap into ... Read more