Is Economics Performative? Option Theory and the Construction of Derivatives Markets

@article{MacKenzie2006IsEP,
  title={Is Economics Performative? Option Theory and the Construction of Derivatives Markets},
  author={Donald MacKenzie},
  journal={Journal of the History of Economic Thought},
  year={2006},
  volume={28},
  pages={29 - 55}
}
  • D. MacKenzie
  • Published 1 March 2006
  • Economics
  • Journal of the History of Economic Thought
The thesis that economics is “performative” (Callon 1998) has provoked much interest but also some puzzlement and not a little confusion. The purpose of this article is to examine from the viewpoint of performativity one of the most successful areas of modern economics, the theory of options, and in so doing hopefully to clarify some of the issues at stake. To claim that economics is performative is to argue that it does things, rather than simply describing (with greater or lesser degrees of… 
ON PERFORMATIVITY: OPTION THEORY AND THE RESISTANCE OF FINANCIAL PHENOMENA
  • N. Brisset
  • Economics
    Journal of the History of Economic Thought
  • 2017
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