Issue 100: Fall 2009

Theory

By Phillip Brian Harper on October 30, 2009
Abstract: Considering the intersections of theory, culture, and ideology in SOCIAL TEXT, this essay suggests that for all its interest in theory, the journal has never had a theory of theory, except for the proposition that insofar as theory explains practice it must derive from the latter. However, this proposition has never been definitively realized because at no point has everyone involved been able to agree on what constitutes practice: as the means of articulation are always contested and contingent, the production of theory itself is an unending and necessary project.

On the very day that I received my assignment from the Social Text editors to write on "Theory" for the one-hundredth issue of the journal, formal Federal Reserve chair Alan Greenspan appeared at a hearing of the U.S. House Committee on Oversight and Government Reform to discuss the current world financial crisis. Pressing him to consider whether his strenuous advocacy of free-market principles during his eighteen-year tenure at the Fed had been misguided and had contributed to the financial meltdown, committee chair Henry Waxman (D-CA) asked Greenspan directly, "Do you feel that your ideology pushed you to make decisions that you wish you had not made?" Greenspan's response was at once coy and pedagogical: "Well, remember that what an ideology is, is a conceptual framework [for] the way people deal with reality. Everyone has one. You have to -- to exist, you need an ideology. The question is whether it is accurate or not."


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