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This paper seeks to contribute to an economic sociology of innovation. It does so by showing that an innovator is also, necessarily, a buyer. Indeed, the person who innovates cannot invent anything without extracting part of the resources they need from the market of supplies and services required for the development of their project. In so doing, the innovator transforms purchasing into an essential...
Starting from the assumption that decision situations in economic contexts are characterized by fundamental uncertainty, this article argues that the decision-making of intentionally rational actors is anchored in fictions. “Fictionality” in economic action is the inhabitation in the mind of an imagined future state of the world and the beliefs in causal mechanisms leading to this future state. Actors...
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