In epistemology, and more specifically, the sociology of knowledge, reflexivity refers to circular . Economic philosopher George Soros, influenced by ideas put forward by his tutor, Karl Popper (), has been an active promoter of the. This led me to start questioning the assumptions of economic theory. In Section 2, I shall explain the concepts of fallibility and reflexivity in. When I first read The Alchemy of Finance by George Soros, I thought his “theory of reflexivity” was absurd. It seemed to be an ex post facto.
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Production as Social Change: Actor—network theory Alliance theory Cross-cultural studies Cultural materialism Culture theory Diffusionism Feminism Historical particularism Boasian anthropology Functionalism Interpretive Performance studies Political economy Practice theory Structuralism Post-structuralism Systems theory.
Reflexivity has emerged as both an issue and a solution in modern approaches to the problem of structure and agencyfor example in the work of Anthony Giddens in his structuration theory and Pierre Bourdieu in his genetic structuralism.
Soros has often claimed that his grasp of the principle of reflexivity is what has given him his “edge” and that it is the major factor contributing to his successes as a trader. Because the pattern is self-reinforcing, markets tend towards disequilibrium. The second kind of reflexivity studied by anthropologists involves varieties of self-reference in which people and cultural practices call attention to themselves.
The Credit Crisis of and What it Means 1st ed. The fact that individuals and social collectivities are capable of self-inquiry and adaptation is a key characteristic of real-world social systems, differentiating the social sciences from the physical sciences. This leads to the metaculture of conventions about managing and reflecting upon culture.
Social Dramas and Stories about Them. Anthropologists by nationality Anthropology by year Bibliography Journals List of indigenous peoples Organizations. Within economicsreflexivity refers to the self-reinforcing effect of market sentiment, whereby rising prices attract buyers whose actions drive prices higher still until the process becomes unsustainable.
The Misrepresentation of Anthropology and Its Consequences. For her, human reflexivity is a mediating mechanism between structural properties, or the individual’s tgeory context, and action, or the individual’s ultimate concerns.
Giddens accentuated this theme with his notion of ” reflexive modernity ” — the argument that, over time, society is becoming increasingly more self-aware, reflective, and hence reflexive.
Within that part of recent sociology of science that has been called the strong programmereflexivity is suggested as a methodological norm reflexivvity principle, meaning that a full theoretical account of the social construction of, say, scientific, religious or ethical knowledge systems, should itself be explainable by the same principles and methods as used for accounting for these other knowledge systems.
The prophecy has a constitutive impact on the outcome or result, changing the outcome from what would otherwise have happened. Social sciences portal Anthropology portal Economics portal Sociology portal. Within sociology more broadly—the field of origin— reflexivity means an act of self-reference where examination or action “bends back on”, refers to, and affects the entity instigating the action or examination.
Innovation may or may not change tradition, but since reflexivity is intrinsic to many cultural activities, reflexivity is part of tradition and not inauthentic. Lists Anthropologists by nationality Anthropology by year Bibliography Journals List of indigenous peoples Organizations. While Archer emphasizes the agentic aspect of reflexivity, reflexive orientations can themselves be seen as being socially and temporally embedded. Bourdieu argued that the social scientist is inherently laden with biasesand only by becoming reflexively aware of those biases can the social scientists free themselves from them and aspire to the practice of an objective science.
This is similar to the notion of autonomy. In equilibrium theory, prices in the long run at equilibrium reflect the underlying economic fundamentalswhich are unaffected by prices.
George Soros Reflexivity Theory 101
Foucault examines the history of Western thought since the Renaissance and argues that each historical epoch he thwory 3, while proposing a 4th has an epistemeyheory “a historical a priori “, that structures soro organizes knowledge. Flanagan has argued that reflexivity complicates all three of the traditional roles that are typically played by a classical science: Key theories Actor—network theory Alliance theory Cross-cultural studies Cultural materialism Culture theory Diffusionism Feminism Historical particularism Boasian anthropology Functionalism Interpretive Performance studies Political economy Practice theory Structuralism Post-structuralism Systems theory.
Reflexivity about the research process became an important part of the critique of the colonial roots  and scientistic methods of anthropology in the “writing cultures”  movement associated with James Clifford and George Marcusas well as many other anthropologists. Reported Speech and Metapragmatics. Invitation to a Reflexive Sociology.
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He further suggests that property price inflation is essentially a reflexive phenomenon: The observations are not independent of the participation of the observer. Nonetheless, many anthropologists have accused the “writing cultures” approach of muddying the scientific aspects of anthropology with too much introspection about fieldwork relationships, and reflexive anthropology have been heavily attacked by more positivist anthropologists.
Reflexivity presents a problem for science because if a prediction can lead to changes in the system that the prediction is made in relation to, it becomes difficult to assess scientific hypotheses by comparing the predictions they entail with the events that actually occur. Policy Sociology as a Public Good.