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Economics Is not Always Performative: Some Limits for Performativity

Author

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  • Nicolas Brisset

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur)

Abstract

The phenomenon of performativity has recently produced debates about the status of the economic discourse. This paper aims to discuss the subjectivist idea that if economics "performs" (shapes) the social reality, rather than merely reflecting it, then every theory can be "true". My main goal is to point out the limits of performativity in three ways. First, no theory can be performative because some do not produce empirical landmarks for the agents. Second, the social institutions restrict the performativity. Third, I emphasize the necessity for a theory to be self-fulfilling. This article is a prelude to a new kind of performative studies based on an original definition: a theory performs the world if it implies a behavioral regularity which leads to the general coordination between agents. That is to say, if it becomes a convention à la David Lewis.

Suggested Citation

  • Nicolas Brisset, 2016. "Economics Is not Always Performative: Some Limits for Performativity," Post-Print halshs-01319693, HAL.
    • Handle: RePEc:hal:journl:halshs-01319693
    DOI: 10.1080/1350178X.2016.1172805
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    Cited by:

    1. Faulconbridge, James R. & Muzio, Daniel, 2021. "Valuation devices and the dynamic legitimacy-performativity nexus: The case of PEP in the English legal profession," Accounting, Organizations and Society, Elsevier, vol. 91(C).
    2. Nicolas Brisset, 2018. "Models as speech acts: the telling case of financial models," Journal of Economic Methodology, Taylor & Francis Journals, vol. 25(1), pages 21-41, January.
    3. Dawn Thilmany & Lilian Brislen & Hailey Edmondson & Mackenzie Gill & Becca B. R. Jablonski & Jairus Rossi & Tim Woods & Samantha Schaffstall, 2021. "Novel methods for an interesting time: Exploring U.S. local food systems’ impacts and initiatives to respond to COVID," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 65(4), pages 848-877, October.

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