Imagined Futures
Imagined Futures
Economic forecasts are important not because they produce the futures they envision but because they create the expectations that generate economic activity in the first place: the expectation that money will retain its purchasing power, that capital investments will make a profit, that consumer purchases will satisfy our dreams. As Imagined Futures shows, those who ignore the role of real uncertainty and fictional expectations in market dynamics misunderstand the nature of capitalism.
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Economic forecasts are important not because they produce the futures they envision but because they create the expectations that generate economic activity in the first place: the expectation that money will retain its purchasing power, that capital investments will make a profit, that consumer purchases will satisfy our dreams. As Imagined Futures shows, those who ignore the role of real uncertainty and fictional expectations in market dynamics misunderstand the nature of capitalism.
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