IDEAS home Printed from https://ideas.repec.org/a/bpj/jbwige/v59y2018i2p507-523n7.html
   My bibliography  Save this article

Woher kommen Erwartungen?: Die soziale Strukturierung imaginierter Zukünfte

Author

Listed:
  • Beckert Jens

    (Geschäftsführender Direktor am Max-Planck-Institut für Gesellschaftsforschung (MPIfG), Paulstraße 3, D-50676 Köln, Germany)

Abstract

Expectations play a crucial role in capitalist economies. Where do the expectations on which actors base their decisions come from? The paper approaches this question by discussing seven social factors that shape expectations: Institutions, social position, social networks, calculative tools, cultural structures, reflexivity, and protention. Following this discussion, the last part of the paper looks at the role of social power and the mass media in the diffusion of expectations.

Suggested Citation

  • Beckert Jens, 2018. "Woher kommen Erwartungen?: Die soziale Strukturierung imaginierter Zukünfte," Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, De Gruyter, vol. 59(2), pages 507-523, May.
    • Handle: RePEc:bpj:jbwige:v:59:y:2018:i:2:p:507-523:n:7
    DOI: 10.1515/jbwg-2018-0017
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/jbwg-2018-0017
    Download Restriction: no
    File URL: https://libkey.io/10.1515/jbwg-2018-0017?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Mayntz, Renate, 2017. "Zählen - Messen - Entscheiden: Wissen im politischen Prozess," MPIfG Discussion Paper 17/12, Max Planck Institute for the Study of Societies.
    2. Timothy Cogley & Thomas J. Sargent, 2008. "Anticipated Utility And Rational Expectations As Approximations Of Bayesian Decision Making," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 49(1), pages 185-221, February.
    3. Bob Jessop, 2013. "Recovered imaginaries, imagined recoveries: a cultural political economy of crisis construals and crisis management in the North Atlantic financial crisis," Chapters, in: Mats Benner (ed.), Before and Beyond the Global Economic Crisis, chapter 12, pages 234-254, Edward Elgar Publishing.
    4. Ingham, Geoffrey, 2004. "The nature of money," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 5(2), pages 18-28.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Isabell Stamm & Marie Gutzeit, 2022. "Group conditions for entrepreneurial visions: role confidence, hierarchical congruences, and the imagining of future in entrepreneurial groups," Small Business Economics, Springer, vol. 59(3), pages 1023-1041, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Josh Ryan-Collins, 2015. "Is Monetary Financing Inflationary? A Case Study of the Canadian Economy, 1935-75," Economics Working Paper Archive wp_848, Levy Economics Institute.
    2. Karl Beyer & Stephan Puehringer, 2019. "Divided we stand? Professional consensus and political conflict in academic economics," ICAE Working Papers 94, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.
    3. George W. Evans & Seppo Honkapohja & Kaushik Mitra, 2022. "Expectations, Stagnation, And Fiscal Policy: A Nonlinear Analysis," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 63(3), pages 1397-1425, August.
    4. Nahid Masoudi & Marc Santugini & Georges Zaccour, 2016. "A Dynamic Game of Emissions Pollution with Uncertainty and Learning," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(3), pages 349-372, July.
    5. Pühringer, Stephan, 2017. "The "eternal character" of austerity measures in European crisis policies: Evidences from the Fiscal Compact discourse in Austria," Working Paper Serie des Instituts für Ökonomie Ök-32, Hochschule für Gesellschaftsgestaltung (HfGG), Institut für Ökonomie.
    6. William A. Branch & George W. Evans & Bruce McGough, 2010. "Finite Horizon Learning," University of Oregon Economics Department Working Papers 2010-15, University of Oregon Economics Department.
    7. George W. Evans & Seppo Honkapohja & Kaushik Mitra, 2012. "Does Ricardian Equivalence Hold When Expectations Are Not Rational?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(7), pages 1259-1283, October.
    8. Rafi Amir-Ud-Din, 2014. "Maqāṣid al-Sharīʿah: Are We Measuring The Immeasurable?," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 22, pages 1-32.
    9. Guidolin, Massimo & Timmermann, Allan, 2007. "Properties of equilibrium asset prices under alternative learning schemes," Journal of Economic Dynamics and Control, Elsevier, vol. 31(1), pages 161-217, January.
    10. Fabio Milani, 2012. "The Modeling of Expectations in Empirical DSGE Models: A Survey," Advances in Econometrics, in: DSGE Models in Macroeconomics: Estimation, Evaluation, and New Developments, pages 3-38, Emerald Group Publishing Limited.
    11. Bruce Preston, 2013. "Comment on "Dormant Shocks and Fiscal Virtue"," NBER Chapters, in: NBER Macroeconomics Annual 2013, Volume 28, pages 47-58, National Bureau of Economic Research, Inc.
    12. Riccardo M Masolo & Francesca Monti, 2021. "Ambiguity, Monetary Policy and Trend Inflation," Journal of the European Economic Association, European Economic Association, vol. 19(2), pages 839-871.
    13. Venky Venkateswaran & Laura Veldkamp & Julian Kozlowski, 2015. "The Tail that Wags the Economy: Belief-Driven Business Cycles and Persistent Stagnation," 2015 Meeting Papers 800, Society for Economic Dynamics.
    14. In-Koo Cho & Kenneth Kasa, 2015. "Learning and Model Validation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 82(1), pages 45-82.
    15. Camille Meyer & Marek Hudon, 2017. "Alternative organizations in finance: commoning in complementary currencies," Working Papers CEB 17-015, ULB -- Universite Libre de Bruxelles.
    16. Jocelyn Pixley & Sam Whimster & Shaun Wilson, 2013. "Central bank independence: A social economic and democratic critique," The Economic and Labour Relations Review, , vol. 24(1), pages 32-50, March.
    17. Mehmet Yanit & Kan Shi & Fang Wan & Fei Gao, 2022. "Interaction between Health and Financial Status on Coping Behaviors during the COVID-19 Pandemic," IJERPH, MDPI, vol. 19(20), pages 1-16, October.
    18. Hülsewig, Oliver & Steinbach, Armin, 2021. "Monetary financing and fiscal discipline," International Review of Law and Economics, Elsevier, vol. 68(C).
    19. Tommaso Brollo, 2019. "Money as a political institution in the commentaries of Albert the Great and Thomas Aquinas to Aristotle?s "Ethica Nicomachea"," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 8(2), pages 35-61.
    20. Francesco Bianchi & Leonardo Melosi, 2016. "Modeling The Evolution Of Expectations And Uncertainty In General Equilibrium," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 57(2), pages 717-756, May.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • A - General Economics and Teaching
    • B - Schools of Economic Thought and Methodology
    • B - Schools of Economic Thought and Methodology
    • D - Microeconomics
    • D - Microeconomics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:jbwige:v:59:y:2018:i:2:p:507-523:n:7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyterbrill.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.