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Science and Democracy, a lecture series aimed at exploring both the promised 
benefits of our era's most salient scientific and technological breakthroughs 
and the potentially harmful consequences of developments that are inadequately 
understood, debated, or managed by politicians, laypublics, and policy 
institutions.

JENS BECKERT
Director, Max Planck Institute for the Study of Societies

RICHARD BRONK
European Institute of the London School of Economics and Political Science
"Uncertain Futures: Imaginaries, Narratives, and Calculative Technologies"

PANEL

ESTHER DUFLO
Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics 
in the Department of Economics, MIT

JASON JACKSON
Assistant Professor of Political Economy and Urban Planning, MIT

EMMA ROTHSCHILD
Jeremy and Jane Knowles Professor of History & Director, Center for History and 
Economics, Harvard University

MODERATED BY
SHEILA JASANOFF
Pforzheimer Professor of Science and Technology Studies, Harvard Kennedy School

Wednesday, October 23 // 5:00-7:00 p.m.
Science Center Lecture Hall D, 1 Oxford St., Cambridge (View 
map<https://urldefense.proofpoint.com/v2/url?u=https-3A__goo.gl_maps_q3xFpbuukn4QBHXr6&d=DwMFaQ&c=WO-RGvefibhHBZq3fL85hQ&r=XGslnMcBg7leU6S1def3OCajm1ompUTAW_kQRgKt7nc&m=japjpHHtgaeNJcWCaxpT-J9n_Gxzqh9aIr1_Wzg6P-g&s=nZ_bLGnXS9zaSlaBW3KFPpbumZN_VTSsnCkcMa0-OSI&e=>)

Dynamic capitalist economies are characterised by relentless innovation and 
novelty and hence exhibit an indeterminacy that cannot be reduced to measurable 
risk. How then do economic actors form expectations and decide how to act 
despite this uncertainty? This talk will focus on the role played by 
imaginaries, narratives, and calculative technologies, and argue that the 
market impact of shared calculation devices, social narratives, and contingent 
imaginaries underlines the rationale for a new form of ‘narrative economics’ 
and a theory of fictional (rather than rational) expectations. When 
expectations cannot be anchored in objective probability functions, the future 
belongs to those with the market, political, or rhetorical power to make their 
models or stories count. The talk will also explore the dangers of analytical 
monocultures and discourses of best practice in conditions of uncertainty, as 
well as the link between uncertainty and some aspects of populism such as the 
distrust of experts.

Jens Beckert is the director of the Max Planck Institute for the Study of 
Societies in Cologne, Germany. He is currently Theodor Heuß Visiting Professor 
at the New School for Social Research in New York. Beckert works in the field 
of economic sociology with a special interest in the investigation of markets. 
In recent years his research has focused on the role of expectations and 
imaginaries in economic decision making. His book Imagined Futures: Fictional 
Expectations and Capitalist Dynamics was published in 2016 with Harvard 
University Press.

Richard Bronk is a Visiting Senior Fellow at the European Institute of the 
London School of Economics and Political Science (LSE). Prior to joining the 
LSE in 2000, Bronk worked for seventeen years in the Bank of England and as an 
equity fund manager. His approach to philosophy of economics is grounded in a 
history of ideas perspective and in his practical experience in markets and 
policy. He is the author of The Romantic Economist: Imagination in Economics, 
published by Cambridge University Press in 2009.

Co-sponsored by the Harvard University Center for the Environment and the 
Weatherhead Center for International Affairs.

Copyright © 2019 Harvard University Center for the Environment, All rights 
reserved.

Our mailing address is:
Harvard University Center for the Environment
26 Oxford St.
4th floor
Cambridge, MA 02138





LAURA HANRAHAN
Communications Coordinator
Harvard University Center for the Environment<http://environment.harvard.edu/>
445B, 26 Oxford Street, Cambridge, MA 02138
o: 617.495.3039

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