Please use this identifier to cite or link to this item: http://hdl.handle.net/10316/81384
Title: Economics as social engineering? Questioning the performativity thesis
Authors: Santos, Ana C. 
Rodrigues, João 
Keywords: Auctions; Experiments; Market mechanisms; Performativity
Issue Date: 2009
Publisher: Oxford University Press
Project: SFRH/BPD/28966/2006 
SFRH/BD/38310/2007 
Serial title, monograph or event: Cambridge Journal of Economics
Volume: 33
Issue: 5
Abstract: The social engineering ambitions of economics have never been so high. Economists are increasingly invited to construct markets from scratch or to design mechanisms that mimic the market. Science students take these social engineering efforts as evidence for the capacity of economists to make the economy more like its description in economic theories. This paper scrutinises one such viewpoint. It examines Michel Callon’s performativity thesis that presents the stronger stance regarding the impact of economics on the economy—economic theory can be made true by construction. It concludes that the research carried out thus far fails to support this thesis. It has shown that economics, understood in a very loose sense, has an active role in market building.
URI: http://hdl.handle.net/10316/81384
ISSN: 0309-166X
1464-3545
DOI: 10.1093/cje/ben058
Rights: openAccess
Appears in Collections:I&D CES - Artigos em Revistas Internacionais

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