Instead, he lauds the figure of themarket as a knowing entity, envisioning it as a kind of processor of socialinformation that, through the mechanism of price, continuously calcu-lates and communicates current economic conditions to individuals inthe market.

Insight through making suggests that you’ll need to make simultaneous progress in theory-space and system-space to spot the new implications in their conjoined space. Effective system design requires insights drawn from serious contexts of use: you must constantly instantiate new theoretical ideas in new systems, then observe their impact in some serious context of use.

Action is but the constant intervention of humans into the natural and social world of events. Giddens adds that he would also like to make clear the constitutive relation between time and action. 'I do not' he says, 'equate action with intentionality, but action starts always from an intentionally-oriented actor, who orients him/herself just as much in the past, as he/she tries to realize plans for the future. In this sense, I believe, action can only be analyzed, if one recognizes its embeddedness in the temporal dimension' (Kiessling, 1988:289).

To show 'how the positioning of actors in contexts of interaction and the interlacing of those contexts themselves' relate to broader aspects of social systems, Giddens proposes that social theory should confront 'in a concrete rather than an abstractly philosophical way' the situatedness of interaction in time and space (Giddens, 1984:110)

The fundamen-tal question for Giddens then becomes how social systems 'come to be stretched across time and space' (i.e. how they constitute their tempor-ality (Giddens, 1984).