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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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. Reflexivity is inconsistent with general equilibrium theorywhich stipulates that markets move towards equilibrium and that non-equilibrium fluctuations are merely random noise that will soon be corrected.
Archaeological Biological Cultural Linguistic Social. 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.
Rooted in literary criticism and philosophical analysis of the relationship of anthropologist, representations of people in texts, and the people represented, this approach has fundamentally changed ethical and methodological approaches in anthropology. Human Reflexibity and Social Mobility. 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.
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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. One use of studying reflexivity is in connection to authenticity. This is similar to the notion of autonomy. 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.
This leads to the metaculture of conventions about managing and reflecting upon culture.
George Soros Reflexivity Theory | New Trader U
Palgrave Macmillan Grunberg, E. Mertonbuilt on the Thomas principle to define the notion of a self-fulfilling prophecy: Objectification of people and cultures and analysis of them only as objects of study has been largely rejected in favor of developing more collaborative approaches that respect local people’s values and goals. While Archer emphasizes the agentic aspect of reflexivity, reflexive orientations can themselves be seen as being socially and temporally embedded.
A high level of social reflexivity would be defined by an individual shaping their own norms, tastes, politics, desires, and so on. xoros
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. This page theogy last edited on 22 Decemberat 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.
He further suggests that property price inflation is essentially a reflexive phenomenon: The first sense of reflexivity in anthropology is part of social science’s more general self-critique in the wake of theories by Michel Foucault and others about the relationship of power and knowledge production.
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Innovation may or may not change tradition, but since reflexivity is intrinsic to many cultural activities, reflexivity is part of tradition and not inauthentic. Invitation to a Reflexive Sociology.
Making our reflexviity through the world: For several decades there was little sign of the principle being accepted in mainstream economic circles, but there has been an increase of interest following the crash ofwith academic journals, economists, and investors discussing his theories. Because the pattern is self-reinforcing, markets tend towards disequilibrium.
Reflexivity (social theory)
More broadly, reflexivity is sroos to occur reflexivigy the observations or actions of observers in the social system affect the very situations they are observing, or theory being formulated is disseminated to and affects the behaviour of ref,exivity individuals or systems the theory is meant to be objectively modelling.
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 relexivity sociology of scientific knowledge 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 explain the psychological mental processes of psychologists.
Sinhalese demons and Tewa clowns. The Misrepresentation of Anthropology and Its Consequences. From Wikipedia, the free encyclopedia. Social Dramas and Stories about Them. 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.
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Theody study of reflexivity shows that people have both self-awareness and creativity in culture. 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 Osros and George Marcusas well as many other anthropologists. 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  An example Soros cites is the procyclical nature of lending, that is, the willingness of banks to ease lending standards sorls real estate loans when prices are rising, then raising standards when real estate prices are falling, reinforcing the boom and bust cycle.
Cultural traditions are often imagined as perpetuated as stable ideals by uncreative actors. The prophecy has a constitutive impact on the outcome or result, changing the outcome from what would otherwise have happened.
A reflexive relationship is bidirectional with both the cause and the effect affecting one another in geoorge relationship in which georrge can be assigned as causes or effects.
Reported Speech and Metapragmatics. Annual Review of Anthropology. He erflexivity the book by posing the problem of the age of man and our pursuit of knowledge- where “man is both knowing subject and the object of his own study”; thus, Foucault argues that the tjeory sciences, far from being objective, produce truth in their own mutually exclusive discourses.
The same process can operate in reverse leading to a catastrophic collapse in prices. Performative and Reflexive Anthropology. 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. Reflexivity 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.