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. AA ~ George Soros (Trades, Portfolio) (via FT). The conceptual framework that Soros is referring to is reflexivity. Understanding what. 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.
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Within anthropology, Gregory Bateson developed ideas about meta-messages subtext as part of communication, while Clifford Geertz ‘s studies of ritual events such as the Balinese cock-fight point to their role as foci for public reflection on the social order. This is similar to the notion of autonomy. Economist and former columnist of the Financial Times, Anatole Kaletskyargued that Soros’ concept of reflexivity is useful in understanding the way in which Western analysts believe that China’s “economy is not only slowing, but falling off a cliff.
ThomasThe Child in America: In social theoryreflexivity may occur when theories in a discipline should apply equally forcefully to the discipline itself, for example in the case that the theories of knowledge construction in the field of sociology of scientific georye should apply equally to knowledge construction by sociology of scientific knowledge practitioners, or when the subject matter of a discipline should apply equally well to the individual practitioners of that discipline, for example when psychological theory should sorks the psychological mental processes of psychologists.
Reflexivity (social theory)
London and Beverly Hills: They can play with, comment upon, debate, modify, and objectify culture through manipulating many different features in recognized ways. Giddens accentuated this theme with his notion of ” reflexive modernity ” — the argument refpexivity, over time, society is becoming increasingly more self-aware, reflective, and hence reflexive.
In equilibrium theory, prices in the long run at equilibrium reflect the reflexvity economic fundamentalswhich are unaffected by prices. Simonhas reflexiviry debated as a major issue in relation to the Lucas Critiqueand has been raised as a methodological issue in economic science arising from the issue of reflexivity in the sociology of scientific knowledge SSK literature. New Frontiers in the Sociology of Knowledge. Palgrave Macmillan Grunberg, E.
Keith Basso and Henry A. Social sciences portal Anthropology portal Economics portal Sociology portal. For her, human reflexivity is a mediating mechanism between structural properties, or the individual’s social context, and action, or the individual’s ultimate concerns. The Misrepresentation of Anthropology and Its Consequences. Reflexivity was taken up as an issue in science in general by Karl Popperwho called it the ‘Oedipal effect’, and more comprehensively by Ernest Nagel Sooner or later they reach a point where the sentiment is reversed and negative expectations become self-reinforcing in the downward direction, thereby explaining the familiar pattern of boom and bust cycles [4] An example Soros cites is the procyclical nature of lending, that is, the willingness of banks to ease lending standards for real estate loans when prices are rising, then raising standards when real estate prices are falling, reinforcing the boom and bust cycle.
Retrieved 12 October Reflexivity, therefore, raises real issues regarding the extent to which the social sciences may ever be viewed as “hard” sciences analogous to classical physics, and raises questions about the nature of the social sciences. Mertonbuilt on the Thomas principle yheory define the notion of a self-fulfilling prophecy: Moral Models in Anthropology.
In epistemologyand more specifically, the sociology of knowledgereflexivity refers to circular relationships between cause and effectespecially as embedded in human sorox structures.
Giddensfor example, noted that constitutive reflexivity is possible in any social system, and that this presents a distinct methodological problem for the social sciences. Production as Social Change: Georgw asserts that prices do in fact influence the fundamentals and that these newly influenced set of fundamentals then proceed to change expectations, thus influencing prices; the process continues in a self-reinforcing pattern.
Reflexivity (social theory) – Wikipedia
Reflexivity has been most intensively explored in studies of performance, [17] public events, [18] rituals, [19] and linguistic forms [20] but can be seen any time acts, things, or people are held up and commented upon or otherwise set apart for consideration. Innovation may or may not change tradition, but since reflexivity is intrinsic to many cultural activities, reflexivity is part of tradition and not inauthentic.
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.
The observations are not independent of the participation of the observer. Foucault examines the history of Western thought since the Renaissance and argues that each historical epoch he identifies 3, while proposing a 4th has an episteme theogy, or “a historical a priori “, that structures and organizes knowledge.
Bourdieu, Pierre and Wacquant, Loic He further suggests that property price inflation is essentially a reflexive phenomenon: As with the feminist and anti-colonial critiques that provide some of reflexive anthropology’s inspiration, the reflexive understanding of the academic and political power of representations, analysis of the process of “writing culture” has become a necessary part of understanding the situation of the ethnographer in the fieldwork situation.
The Kenyon Review Vol. Reflexivity about the research process became an important part of the critique of the colonial roots [12] and scientistic methods of anthropology in the “writing cultures” [13] movement associated with James Clifford and George Marcusas well as many other anthropologists. The study of reflexivity shows that people have both self-awareness and creativity in culture. This leads to the metaculture of conventions about managing and reflecting upon culture.
Sociological terminology Sociological theories George Soros. This points to a general feature of naturalised epistemologiesthat such theories of knowledge allow for specific fields of research to elucidate other fields as part of an overall self-reflective process: Archaeological Biological Cultural Linguistic Social. For Bourdieu, therefore, reflexivity is part of the solution, not the problem.
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In researching cultural practices reflexivity plays important role but because of its complexity and subtlety it often goes under-investigated or involves highly specialized analyses. Reflexivity is, therefore, a methodological issue in the social sciences analogous to the observer effect. By using this site, you agree to the Terms of Use and Privacy Policy.
A reflexive relationship is bidirectional with both the cause and the effect affecting one another in a relationship in which neither can be assigned as causes or effects. Sinhalese demons and Tewa clowns. A low level of reflexivity would result in an individual shaped largely by their environment or “society”.