Imagined Futures: Fictional Expectations and Capitalist Dynamics

by Jens Beckert

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 analytical tools are, they underestimate the future's unknowability by assuming that markets, in the aggregate, correctly forecast what is to come...

• Format: Hardcover
• Language: English
• ISBN: 0674088824
• ISBN13: 9780674088825
• Release Date: June 2016
• Publisher: Harvard University Press
• Length: 384 Pages
• Weight: 1.40 lbs.
• Dimensions: 1.2" x 6.4" x 9.3"