“Capitalism as a System of Expectations: Toward a Sociological Microfoundation of Political Economy” by Jens Beckert
What the Article is About This article is about how capitalism thrives by managing expectations. Beckert develops an approach he calls sociological fictionalism. According to sociological fictionalism it is the future that shapes the present. Images of the future shape present decisions. It focuses its attention on the role of imaginaries of future states of the world as an important element in explaining present action. The relationship between society and markets is that of managing expectations.
Methods
This article relies on the theoretical method. It uses literature research. It is a theory building paper that relies on literature from several ...