Lisa Adkins The Time of Money (2018) p.35
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Artwork is by James Spanfeller for Avant Garde Magazine (May 1968)
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Sunday, January 13, 2019
Money Wisdom #439
"Bourdieu warns that this practical anticipation of the future in the economic field - the grasping of time yet-to-come as a quasi-present - should not be understood to involve a rational calculus of risk as neo-classical economics would suggest. Indeed, Bourdieu maintains that while economic orthodoxy will always reduce the practical mastery of situations of uncertainty to a rational calculus of risk, construing the anticipation of the behaviour of others as a calculation of the intent of opponents, understanding economic action and especially the practical anticipation of the future as engendered by the habitus - collective, historical, and unconscious structures - throws the calculating agent of economic orthodoxy into radical doubt."