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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Retrieved 12 October Studies of play and tricksters further expanded ideas about reflexive cultural practices. Sociological terminology Sociological theories George Soros.
Reflexivity (social theory)
He further suggests that property price inflation is essentially a reflexive phenomenon: More broadly, reflexivity is considered to occur when 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 the individuals or systems the theory is meant to be objectively modelling.
Anthropologists by nationality Anthropology by year Bibliography Journals List of indigenous peoples Organizations. Objectification of people and cultures and analysis of them only geogge objects of study has been largely rejected in favor of developing more collaborative approaches that respect local people’s values and goals. A low level of reflexivity would result in an individual shaped largely by their environment or “society”.
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One use of studying reflexivity is in connection to authenticity. From Wikipedia, the free encyclopedia. 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.
The observations are not independent of the participation of the observer. The Credit Crisis of and What it Means 1st ed.
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.
This is the opposite of the process described in textbooks and built into economic models, which always assume that financial expectations adapt to reality, not the other way round. Views Read Edit View history. The principle of reflexivity was perhaps first enunciated by the sociologists William I. It commonly refers to the capacity of an agent to recognize forces of socialization and alter their place in the social structure.
For Bourdieu, therefore, reflexivity is part of the solution, not the problem. Reflexivity is inconsistent reflexivit general equilibrium theorywhich stipulates that markets move towards equilibrium and that non-equilibrium fluctuations are merely random noise that will soon be corrected. Because the pattern is self-reinforcing, markets tend towards disequilibrium.
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.
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. Archaeological Biological Cultural Linguistic Social. oc
Reflexivity (social theory) – Wikipedia
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.
Symbolic types, mediation and the transformation of ritual context: InSoros funded the launch of the Institute for New Economic Thinking with the hope that it would develop reflexivity further. Making our way through the world: Annual Review of Anthropology. Bourdieu, Pierre and Wacquant, Loic Any particular field of research occupied with aspects of knowledge processes in general e.
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. Reflexivity has been most intensively explored in studies of performance,  public events,  rituals,  and linguistic forms  but can be seen any time acts, things, or people are held up and commented upon or otherwise set apart for consideration.
Reflexivity is, therefore, a methodological issue in the social sciences analogous to the observer effect.
The reflexive imperative in late modernity. 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.
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 goergeor “a historical a priori “, that structures and theroy knowledge.