Economics is not always performative: some limits for performativity

@article{Brisset2016EconomicsIN,
  title={Economics is not always performative: some limits for performativity},
  author={Nicolas Brisset},
  journal={Journal of Economic Methodology},
  year={2016},
  volume={23},
  pages={160 - 184}
}
  • N. Brisset
  • Published 2 April 2016
  • Economics
  • Journal of Economic Methodology
The phenomenon of performativity has recently sparked debates about the status of the economic discourse. This paper aims to discuss the subjectivist idea that if economics ‘performs’ (shapes) social reality, rather than merely reflects it, then every theory can be considered ‘true.’ My main goal is to point out three limits of performativity. First, not all theories can be performative since some do not produce empirical landmarks for agents. Second, social institutions restrict performativity… 
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The issue of performativity concerns the claim that economics shape rather than merely describe the social world. This idea took hold following a paper by Donald MacKenzie and Yuval Millo entitled
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