Imagined Futures Beckert Jens
Imagined Futures Beckert Jens In a capitalist system, consumers, investors, and corporations orient their activities toward a future that contains opportunities and risks. Powerful as these…
Specifikacia Imagined Futures Beckert Jens
Imagined Futures Beckert Jens
In a capitalist system, consumers, investors, and corporations orient their activities toward a future that contains opportunities and risks. Powerful as these analytical tools are, they underestimate the future's unknowability by assuming that markets, in the aggregate, 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 the imagined futures fail to materialize. How actors assess uncertainty is a problem that economists have tried to solve through general equilibrium and rational expectations theory.
Collectively held images of how the future will unfold are critical because they free economic actors from paralyzing doubt, enabling them to commit resources and coordinate decisions even if those expectations prove inaccurate. Beckert