Theory and Society 42(3)

Theory and Society, May 2013; Volume 42, Issue 3

Imagined futures: fictional expectations in the economy
Jens Beckert

Starting from the assumption that decision situations in economic contexts are characterized by fundamental uncertainty, this article argues that the decision-making of intentionally rational actors is anchored in fictions. “Fictionality” in economic action is the inhabitation in the mind of an imagined future state of the world and the beliefs in causal mechanisms leading to this future state. Actors are motivated in their actions by the imagined future and organize their activities based on these mental representations. Since these representations are not confined to empirical reality, fictional expectations are also a source of creativity in the economy. Fictionality opens up a way to an understanding of the microfoundations of the dynamics of the economy. The article develops the notion of fictional expectations. It discusses the role of fictional expectations for the dynamics of the economy and addresses the question of how fictional expectations motivate action. The last part relates the notion of fiction to calculation and social macrostructures, especially institutions and cultural frames. The conclusion hints at the research program developing from the concept of fictional expectations.

Inventing the axial age: the origins and uses of a historical concept
John D. Boy, John Torpey

The concept of the axial age, initially proposed by the philosopher Karl Jaspers to refer to a period in the first millennium BCE that saw the rise of major religious and philosophical figures and ideas throughout Eurasia, has gained an established position in a number of fields, including historical sociology, cultural sociology, and the sociology of religion. We explore whether the notion of an “axial age” has historical and intellectual cogency, or whether the authors who use the label of a more free-floating “axiality” to connote varied “breakthroughs” in human experience may have a more compelling case. Throughout, we draw attention to ways in which uses of the axial age concept in contemporary social science vary in these and other respects. In the conclusion, we reflect on the value of the concept and its current uses and their utility in making sense of human experience.

Powerful emotions: symbolic power and the (productive and punitive) force of collective feeling
Dawne Moon

This article argues that emotions can be a medium of social power. Using qualitative interview material from American Jews discussing anti-Semitism and its relationship to contemporary politics, it engages recent scholarship on emotions and political contention and shows how emotions make effective the various forms of symbolic exclusion by which group members exercise what Bourdieu calls symbolic power. It also explores the emotional connections to group membership by which some “excluded” members can engage in symbolic struggle over “the principles of vision and division” Bourdieu (Sociological Theory 7(1), 14–25, 1989) that define the group. Finally, it shows how emotions work to incite discipline in some group members, inspiring them to conform to dominant definitions of group membership so as to avoid both symbolic struggle and exclusion.

Insurgency and institutionalization: the Polanyian countermovement and Chinese labor politics
Eli Friedman

Why is it that in the nearly 10 years since the Chinese central government began making symbolic and material moves towards class compromise that labor unrest has expanded greatly? In this article I reconfigure Karl Polanyi’s theory of the coutermovement to account for recent developments in Chinese labor politics. Specifically, I argue that countermovements must be broken down into two constituent but intertwined “moments”: the insurgent moment that consists of spontaneous resistance to the market, and the institutional moment, when class compromise is established in the economic and political spheres. In China, the transition from insurgency to institutionalization has thus far been confounded by conditions of “appropriated representation,” where the only worker organizations allowed to exist are those within the state-run All China Federation of Trade Unions. However, in drawing on two case studies of strikes in capital-intensive industries in Guangdong province, I show that the relationship between insurgency and institutionalization shifted between 2007 and 2010.