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Performativity and Emergence of Institutions

Ekaterina Svetlova
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Ekaterina Svetlova: University of Leicester

Chapter Chapter 8 in Enacting Dismal Science, 2016, pp 183-200 from Palgrave Macmillan

Abstract: Abstract The article argues that performativity theory can shed light on the process of emergence of institutions. This process is not strictly constitutive: Institutions such as a new state, a new political party, or a firm do not appear at the very moment when somebody declares them as existent. There is always a time lag between the words (declaration) and an emergence of a social fact. In between, processes of persuasion, becoming accepted, that is, processes of formation of common beliefs and expectations, take place. Those processes refer to the perlocutionary aspects of speech acts and are theatrical in nature. Performativity is always about performance (theatricality of language). At the heart of performativity is not the question of how economists form economy but the question of how economic phenomena come into being in the processes of joint staging of fictions and making believe.

Keywords: Institutional Fact; Contract Theory; Economic Science; Performative Utterance; Correlation Device (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pfschp:978-1-137-48876-3_8

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DOI: 10.1057/978-1-137-48876-3_8

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