Do Economists Make Markets? (eBook)

On the Performativity of Economics

Donald MacKenzie, Fabian Muniesa, Siu Leung-Sea (Herausgeber)

eBook Download: EPUB

2020
Princeton University Press (Verlag)
978-0-691-21466-5 (ISBN)

Infos

Around the globe, economists affect markets by saying what markets are doing, what they should do, and what they will do. Increasingly, experimental economists are even designing real-world markets. But, despite these facts, economists are still largely thought of as scientists who merely observe markets from the outside, like astronomers look at the stars. Do Economists Make Markets? boldly challenges this view. It is the first book dedicated to the controversial question of whether economics is performative--of whether, in some cases, economics actually produces the phenomena it analyzes. The book's case studies--including financial derivatives markets, telecommunications-frequency auctions, and individual transferable quotas in fisheries--give substance to the notion of the performativity of economics in an accessible, nontechnical way. Some chapters defend the notion; others attack it vigorously. The book ends with an extended chapter in which Michel Callon, the idea's main formulator, reflects upon the debate and asks what it means to say economics is performative. The book's insights and strong claims about the ways economics is entangled with the markets it studies should interest--and provoke--economic sociologists, economists, and other social scientists. In addition to the editors and Callon, the contributors include Marie-France Garcia-Parpet, Francesco Guala, Emmanuel Didier, Philip Mirowski, Edward Nik-Khah, Petter Holm, Vincent-Antonin Lepinay, and Timothy Mitchell.

Produkt-Details

• Erscheint lt. Verlag: 30.6.2020
• Zusatzinfo: 6 halftones. 11 line illus. 6 tables.
• Sprache: englisch
• Themenwelt: Sozialwissenschaften ► Soziologie
• Themenwelt: Wirtschaft ► Allgemeines / Lexika
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie
• Schlagworte: Abstraction • Account (accountancy) • Accounting • Actor–network theory • Article (grammar) • articulation • Auction • Auction Theory • bank run • Bayesian Learning • Behavioral Economics • bidding • bribery • brokers • Bruno Latour • Calculation • Capitalism • Case study • Collaterals • Combinatorial auction • Commercialization • Commodity • Competition • Competitive equilibrium • Concentration of Wealth • Consideration • consumer • cooperatives • Criticism • Customer • Cyborgs • dead capital • Derivative (finance) • derivatives market • dispossession • Economic and Social Research Council • economic engineering • economic entity • Economic Life • Economic planning • Economics • Economic Sociology • Economic Theory (journal) • economist • economy • efficient-market hypothesis • Embeddedness • Engineering • Expense • Experiment • Experimental economics • Expertise • Explanation • Farmer • Finance • Financial Economics • Financial Engineering • Financial Services • fishery • Framing • General Equilibrium Theory • Governments • Homo economicus • Hybridization • Identities • Illustration • Incentive • Instance (computer science) • Institution • Investment • Investment Strategy • Investor • In vivo • Laboratories • legality • live capital • London School of Economics • Make a Difference • Manipulations • Market (economics) • Marketing • market liquidity • Market Maker • Market Mechanism • Market Participant • Market Price • mathematical finance • Mathematics • Mechanism Design • Merton Model • Michel Callon • natural entities • Neoclassical Economics • Neoliberalism • Nobel Prizes • performative utterance • performativity • Philip Mirowski • philosophy of science • Pickles • Portfolio Insurance • Prediction • Pricing • Purification • Quantity • questionnaire • Rationality • Requirement • Research Program • Science Studies • science, technology and society • Scientist • Share Price • Social Science • Sociology • Spectrum auction • Standardization • Statistic • statistician • Stock Market • Suggestion • Supply and Demand • Supply (economics) • Technology • Textbook • theory • Trading Room • Uncertainty • University of California Press
• ISBN-10: 0-691-21466-2 / 0691214662
• ISBN-13: 978-0-691-21466-5 / 9780691214665