Do Economists Make Markets? On the Performativity of Economics, D. MacKenzie, F. Muniesa, L. Siu (Eds.)

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Edited by Donald MacKenzie , Fabian Muniesa & Lucia Siu :

is published by Princeton University Press and copyrighted, © 2007, by Princeton University Press. All rights reserved. No part of this book may be reproduced in any form by any electronic or mechanical means (including photocopying, recording, or information storage and retrieval) without permission in writing from the publisher, except for reading and browsing via the World Wide Web. Users ar...

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Do Markets Make People Selfish?∗

The predictions of economic theory in market settings are associated with the assumption that economic agents act to maximize their material self interest. This paper demonstrates that the agents will appear to be acting in their material self interest and market outcomes will be competitive under more general assumptions about preferences.

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Notes on the limits of the performativity of markets

In a context of proliferating crises, from the environment to the economy, the politics and epistemology of “failure” – institutional, human, technological, environmental – is acquiring fresh relevance. Recent analyses in social studies of science and technology, as well as in political and economic sociology, have developed performative perspectives on this issue, and much of this work has foc...

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Do Switching Costs Make Markets Less Competitive ?

The conventional wisdom in economic theory holds that switching costs make markets less competitive. This paper challenges this claim. We formulate an empirically realistic model of dynamic price competition that allows for differentiated products and imperfect lock-in. We calibrate this model with data from frequently purchased packaged goods markets. These data are ideal in the sense that the...

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Theory, Reality, and Performativity in Markets

The purpose of this article is to analyze the relation between scientific knowledge in the form of theories and the world that such theories are about. The focus is on market theories. I argue that everyday knowledge, conceptualized using the notion of “lifeworld,” is the bedrock of scientific knowledge. I also make two distinctions, one between types of markets and one between principles of or...

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ژورنال

عنوان ژورنال: Sociologie du travail

سال: 2009

ISSN: 0038-0296,1777-5701

DOI: 10.4000/sdt.16906