"The central finding of the book is that variation in Russian regional activism is explained not by differences in economic conditions but by differences in the construction or imagination of economic interests; in the language of other contemporary debates, economic advantage and disadvantage are imagined as nations." (taken from the book)
This book critically introduces the main contemporary debates on globalization and demonstrates how conventional versions or narratives of globalization have served to shape policy responses at both state and corporate levels.
The way we conceptualise the economy and ourselves as homo economicus has profound consequences for our lives. The contributions to this anthology take debates about the financial crisis, about recent austerity measures or about the Brexit referendum a step further. A common denominator of these dynamics are underlying ideas of »the economy«. Each author identifies a facet of Britain's imagined economies. They connect seemingly separate fields such as finance and fiction in order to better understand current political changes. In addition, the book offers an urgently needed interdisciplinary view on the performative power of economic thought - and in this respect moves far beyond merely British perspectives.
Shortlisted for the Inaugural International Political Economy Group annual book prize ′...amongst the most important books yet written on globalization′ - Review of International Political Economy "In this original and very accessible work Cameron and Palan make a major contribution to the narrative turn in political economy. Skillfully combining sustained theoretical critiques and contemporary empirical analyses, this politically engaged book promotes a paradigm shift that sheds new light on the changing relations among the economy, the political, and the social. It will quickly become a major reference point for its account of globalization as a persuasive story and a flawed reality. I recommend it unreservedly" Bob Jessop How do theories, discussions and debates about globalisation shape the very subject they reflect on? How are conceptions of the state, society and politics are changing in the age of globalisation? This book critically introduces the main contemporary debates on globalization and demonstrates how conventional versions or narratives of globalization have served to shape policy responses at both state and corporate levels. Rather than accepting the disintegration of the state thesis, the authors present an alternative transition from the nation-state as a homogenous `imagined community′, to a more complex and fluid series of normative economic spaces or `imagined economies′. They illustrate how this respatialization of the contemporary state is rapidly taking shape in concrete institutions, processes, people and places serving to recast the boundaries of the social, political and economic in fundamental ways. By accessibly demonstrating the way in which the discourse of globalization has itself become an integral part of the politics of globalization, The Imagined Economies of Globalization serves as an ideal introduction to key contemporary debates in politics, international relations, geography, international political economy and sociology.
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. Jens Beckert adds a new chapter to the theory of capitalism by demonstrating how fictional expectations drive modern economies—or throw them into crisis when the imagined futures fail to materialize. Collectively held images of how the future will unfold are critical because they free economic actors from paralyzing doubt, enabling them to commit resources and coordinate decisions even if those expectations prove inaccurate. Beckert distinguishes fictional expectations from performativity theory, which holds that predictions tend to become self-fulfilling prophecies. Economic forecasts are important not because they produce the futures they envision but because they create the expectations that generate economic activity in the first place. Actors pursue money, investments, innovations, and consumption only if they believe the objects obtained through market exchanges will retain value. We accept money because we believe in its future purchasing power. We accept the risk of capital investments and innovation because we expect profit. And we purchase consumer goods based on dreams of satisfaction. As Imagined Futures shows, those who ignore the role of real uncertainty and fictional expectations in market dynamics misunderstand the nature of capitalism.
In 2010, Taiwan and China concluded a landmark trade agreement: the Economic Cooperation Framework Agreement (ECFA) that sought to pave the way for closer commercial ties by lowering tariffs on several trade items. Just a decade earlier, both sides of the Taiwan Strait were ratcheting up rhetoric that seemed to point to growing political uncertainty across a region once a hotspot during the Cold War. What was behind this political sea change? The paradox of state policy in the cross-Strait political economy over the past three decades is that despite increased economic activity between both sides, national identity remains an important barometer in framing the prospects and limits of policymaking. In accounting for this paradox and how actors have dealt with it through problem definition and trade policy adjustment, this research utilizes economic imaginaries, a discursive field that shapes the conceptualization of economic life. As discourse and structure are dialectical in relation to one another, an economic imaginary represents an analytical concept to map out ideational shifts concerning economic life and national identity. Specifically, the author aims to address the following questions with the regard to the reconceptualization of cross-Strait commerce in Taiwan government policy: - What ideas and practices are selected and drawn upon by political elites in Taiwan to create new economic imaginaries? - How are these ideas being negotiated and resisted in rebuilding of social relations? - What are the areas of unevenness and contradictions within the discursive process? This research utilizes a combined methodological approach toward navigating economic imaginaries, including critical discourse analysis, analysis of collective action frames and the critical junctures that challenge their hegemonic power. Drawing upon expert interviews, key policy texts from political and intellectual elites, critical discourse analysis demonstrates the linkage between imaginaries and framing actions by revealing the cognitive mapping of the cross-Strait political economy, the dominant discourses that inform them and the ways in which hegemonic ideas are reproduced within the discourse.
This manual has been designed and written with the purpose of introducing key concepts and areas of debate around the "creative economy", a valuable development opportunity that Latin America, the Caribbean and the world at large cannot afford to miss. The creative economy, which we call the "Orange Economy" in this book (you'll see why), encompasses the immense wealth of talent, intellectual property, interconnectedness, and, of course, cultural heritage of the Latin American and Caribbean region (and indeed, every region). At the end of this manual, you will have the knowledge base necessary to understand and explain what the Orange Economy is and why it is so important. You will also acquire the analytical tools needed to take better advantage of opportunities across the arts, heritage, media, and creative services.
What are the imagined communities that compel men to kill or to die for an idea of a nation? This notion of nationhood had its origins in the founding of the Americas, but was then adopted and transformed by populist movements in nineteenth-century Europe. It became the rallying cry for anti-Imperialism as well as the abiding explanation for colonialism. In this scintillating, groundbreaking work of intellectual history Anderson explores how ideas are formed and reformulated at every level, from high politics to popular culture, and the way that they can make people do extraordinary things. In the twenty-first century, these debates on the nature of the nation state are even more urgent. As new nations rise, vying for influence, and old empires decline, we must understand who we are as a community in the face of history, and change.
Doing research is an ever-changing challenge for social scientists. This challenge is harder than ever today as current societies are changing quickly and in many, sometimes conflicting, directions. Social phenomena, personal interactions, and formal and informal relationships are becoming more borderless and disconnected from the anchors of the offline “reality.” These dynamics are heavily marking our time and are suggesting evolutionary challenges in the ways we know, interpret, and analyze the world. Internet and computer-mediated communication (CMC) is being incorporated into every aspect of daily life, and social life has been deeply penetrated by the internet. This is due to recent technological developments that increase the scope and range of online social spaces and the forms and time of participation such as Web 2.0, which widened the opportunities for user-generated content, the emergence of an “internet of things,” and of ubiquitous mobile devices that make it possible to always be connected. This implies an adjustment to epistemological and methodological stances for conducting social research and an adaption of traditional social research methods to the specificities of online interactions in the digital society. The Handbook of Research on Advanced Research Methodologies for a Digital Society covers the different strands of methods most affected by the change in a digital society and develops a broader theoretical reflection on the future of social research in its challenge to always be fitting, suitable, adaptable, and pertinent to the society to be studied. The chapters are geared towards unlocking the future frontiers and potential for social research in the digital society. They include theoretical, epistemological, and ontological reflections about the digital research methods as well as innovative methods and tools to collect, analyze, and interpret data. This book is ideal for social scientists, practitioners, librarians, researchers, academicians, and students interested in social research methodology and its developments in the digital scenario.
Markets are artifacts of language—so Douglas R. Holmes argues in this deeply researched look at central banks and the people who run them. Working at the intersection of anthropology, linguistics, and economics, he shows how central bankers have been engaging in communicative experiments that predate the financial crisis and continue to be refined amid its unfolding turmoil—experiments that do not merely describe the economy, but actually create its distinctive features. Holmes examines the New York District Branch of the Federal Reserve, the European Central Bank, Deutsche Bundesbank, and the Bank of England, among others, and shows how officials there have created a new monetary regime that relies on collaboration with the public to achieve the ends of monetary policy. Central bankers, Holmes argues, have shifted the conceptual anchor of monetary affairs away from standards such as gold or fixed exchange rates and toward an evolving relationship with the public, one rooted in sentiments and expectations. Going behind closed doors to reveal the intellectual world of central banks,Economy of Words offers provocative new insights into the way our economic circumstances are conceptualized and ultimately managed.