Do Economists Make Markets? On the Performativity of Economics Donald MacKenzie, Fabian Muniesa, Lucia Siu.
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TextPublisher: Princeton, NJ Princeton University Press, [2020]Description: 1 online resource (400 p.) 6 halftones. 11 line illus. 6 tablesISBN: 9780691214665; 0691214662; 0691130167; 9780691130163Subject(s): Economics | Markets | Bayesian learning | Homo economicus | Nobel Prizes | abstraction;articulation;bank run | brokers | collaterals | concentration of wealth | cooperatives | cyborgs | dead capital | dispossession | economic engineering | embeddedness | experimental economics | expertise | financial engineering | framing | governments | hybridization | identities | in vivo | laboratories | legality | live capital | manipulations | mathematics | natural entities | pickles | purification | rationality | BUSINESS & ECONOMICS / Economics / Theory | Economics | Markets | Marktentwicklung | Wirtschaftswissenschaften | Markteconomie | Marknader | Ekonomi | Economists -- markets | Economic theory -- marketsGenre/Form: EBSCO eBooks | Electronic books. DDC classification: 381 LOC classification: HB71 | .D55 2007ebOther classification: 83.05 | QB 100 Online resources: EBSCOhost Summary: 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 "as 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 Lépinay, and Timothy Mitchell.
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 "as 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 Lépinay, and Timothy Mitchell.
In English.
Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Aug 2020).
Includes bibliographical references and index.
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