This article explores economic forecasting by examining the various social settings and networks economic forecasters are embedded in. It discusses how forecasters meet with political and economic actors and also how members of forecasting teams embody main aggregates of the economy to commonly produce a consensus about the economic future. The data underlying this article were collected from three economic forecasting institutes in German-speaking countries and consist of interviews with economic forecasters and representative users of the forecasts in economic and political organizations. The article argues that on the backstage of economic forecasting, macroeconomic models are subordinate. Rather, the production process of economic forecasts is embedded in various formal and informal networks. The article summarizes the activities on the backstage of economic forecasting by using the notion of ‘epistemic participation’. This means that the forecasters give their object of inquiry, which is the economy, the opportunity to participate actively in the epistemic process. Epistemic participation has two dimensions: First, it takes place in a network including the forecasters and key individuals from the economy and economic policy. Second, forecasters identify with significant parts of the economy and give them a body and a voice. Epistemic participation conceptualizes the relationship between researchers and a highly reflexive and communicative object.
...MoreSimilar Citations
Article
Cecilia Passanti;
Marie-Emmanuelle Pommerolle;
(2022)
The (un)making of electoral transparency through technology: The 2017 Kenyan presidential election controversy
(/isis/citation/CBB699607308/)
Article
Mandy de Wilde;
(November 2021)
“A Heat Pump Needs a Bit of Care”: On Maintainability and Repairing Gender–Technology Relations
(/isis/citation/CBB932272197/)
Article
Nadine Levin;
Sabina Leonelli;
(March 2017)
How Does One “Open” Science? Questions of Value in Biological Research
(/isis/citation/CBB290502459/)
Book
Peter Cox;
(2019)
Cycling: A Sociology of Vélomobility
(/isis/citation/CBB280055559/)
Article
Joeri Bruyninckx;
(September 2017)
Synchronicity: Time, Technicians, Instruments, and Invisible Repair
(/isis/citation/CBB976044504/)
Article
Jenny Andersson;
Erik Westholm;
(2019)
Closing the Future: Environmental Research and the Management of Conflicting Future Value Orders
(/isis/citation/CBB589179620/)
Article
John Gardner;
Gabrielle Samuel;
Clare Williams;
(November 2015)
Sociology of Low Expectations: Recalibration as Innovation Work in Biomedicine
(/isis/citation/CBB250077809/)
Article
Sergio Urueña;
(2022)
Anticipation and modal power: Opening up and closing down the momentum of sociotechnical systems
(/isis/citation/CBB466032431/)
Article
Richard Tutton;
(May 2018)
Multiplanetary Imaginaries and Utopia: The Case of Mars One
(/isis/citation/CBB783094574/)
Article
Jarita C. Holbrook;
(2018)
Astronomy Development and Filmmaking in the Karoo
(/isis/citation/CBB465337605/)
Article
Carroll, Katherine;
(2014)
Body Dirt or Liquid Gold? How the “Safety” of Donated Breastmilk Is Constructed for Use in Neonatal Intensive Care
(/isis/citation/CBB001421180/)
Book
Preda, Alex;
(2017)
Noise: living and trading in electronic finance
(/isis/citation/CBB603964718/)
Article
Joanna Weidler-Lewis;
(2020)
Transformation and Stasis: An Exploration of LGBTQA Students Prefiguring the Social Practices of Engineering for Greater Inclusivity
(/isis/citation/CBB557041160/)
Article
Kean Birch;
(2023)
Reflexive expectations in innovation financing: An analysis of venture capital as a mode of valuation
(/isis/citation/CBB876475429/)
Article
MacKenzie, Donald;
Spears, Taylor;
(2014)
“The Formula That Killed Wall Street”: The Gaussian Copula and Modelling Practices in Investment Banking
(/isis/citation/CBB001421177/)
Article
Ernst van der Wal;
(December 2020)
LGBT Refugees and the Visual Representation of Transnational Mobility
(/isis/citation/CBB121039241/)
Article
Catherine Heeney;
(January 2017)
An “Ethical Moment” in Data Sharing
(/isis/citation/CBB939267013/)
Article
Devasmita Chakraverty;
Sarah N. Newcomer;
Kelly Puzio;
Robert H. Tai;
(2018)
It Runs in the Family: The Role of Family and Extended Social Networks in Developing Early Science Interest
(/isis/citation/CBB531316217/)
Article
Fatima K. Espinoza Vasquez;
(2023)
Working at the Seams of Colonial Structures: Alternative Sociotechnical Infrastructures Revealed by Hurricane Maria
(/isis/citation/CBB231267644/)
Article
Shi Lin Loh;
Sulfikar Amir;
(June 2019)
Healing Fukushima: Radiation hazards and disaster medicine in post-3.11 Japan
(/isis/citation/CBB754363980/)
Be the first to comment!