Changing markets, expected expectations and Popitz’s objection / Przemiany rynków, oczekiwane oczekiwania i zastrzeżenie Popitza
Journal Title: Przegląd Socjologiczny - Year 2016, Vol 0, Issue 4
Abstract
Based on the fact that the concept of expectation is marginalized in economic sociology, where action and communication theories dominate, this paper reflects on the potential of expectations or, more precisely, expected expectations. In pursuing this objective the author works out the characteristics of expected expectations as the foundation of social structure in general and market structure in particular, with a special focus on social change. Considering the assumption that expectations shape action and communication on the one hand, and given theoretical compatibility on the other, there is, therefore, every indication that an appropriate expectation theory should be elaborated – with the exception of Popitz’s objection. Heinrich Popitz argues against highlighting expectations in theory because of the methodological problem that one cannot prove whether one specific expectation leads to a specific behaviour. The author counterposes two arguments against Popitz’s position: First, expected expectations are made observable, hence they can be expected. Whilst we are focusing on second-order expectations there is no methodological issue. And secondly, the clou of this paper is that expected expectations finally reveal their social power on the basis of an ‘as-if’ logic: actors can legitimately be treated as if they orientate themselves towards expected expectations, e.g. on the basis of formal or informal rules, and this guarantees (temporary) stability.
Authors and Affiliations
Sebastian Giacovelli
Keywords
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