Tag Archives: Diseño de mercados

European Economic Sociology Newsletter: Markets, market dynamics and market creation in Latin America

EconSoc_20_2Acaba de aparecer el segundo número de European Economic Sociology Newsletter editado por Felipe Gonzáles y Aldo Madariaga (ver acá nota sobre el primer número). El tema son los mercados y la lista de autores incluye no pocos amigos de este blog. ¡Felicitaciones a los editores por el trabajo!

  • “Note from the Editors: Markets, market dynamics and market creation in Latin America”, by Aldo Madariaga and Felipe González
  • “The taming of prices. Framing and fighting inflation in the second half of the twentieth century in Argentina”, by Mariana Heredia and Claudia Daniel
  • “Cultures in the market: cultures for sale? Some words of hope and caution illustrated by Amazonian cases”, by André Vereta-Nahoum
  • “Competition on paper: artifacts of visualization in antitrust policy”, by Gustavo Onto
  • “Notes on market design and economic sociology”, by José Ossandon
  • Book Reviews
  • PhD Projects

Número completo acá

O Mercado como contexto

NuCec

Isapre más allá del enactment: un hangout con José Ossandón

El último número de la Revista de Salud Pública de la Universidad de Chile incluye una entrevista, conducida por Yuri Carvajal, Jana Stojanova y Jorge Gaete, con José Ossandón. El texto comienza así: “El mercado de salud privado en Chile fue reorganizado por la constitución de las Isapre. Las dificultades de producir un mercado en forma súbita y los vacíos de una teoría puramente económica para abordar sus problemas vuelven al debate a partir de la reciente constitución de una Comisión Presidencial sobre el tema. La investigación doctoral de José Ossandón nos pareció un buen pie forzado para iniciar este diálogo.” La entrevista va desde la historia del sistema de Isapres, al replanteamiento de los desafíos públicos de las ciencias sociales y los estudios de la ciencia y la tecnología después de lo aprendido estudiando economistas. Entrevista completa en: Continue reading

Why Michael Lewis got it wrong.

socializing finance

“There is systematic corruption in the market. A rigging, a rigging in the market. And it’s the provision to high frequency traders of information that ordinary investors do not have [which is at the core of this form of corruption]”.

This is, in a nutshell, the central claim of Michael Lewis’ new book, Flash Boys. Built around the almost heroic journey of Royal Bank of Canada’s Brad Katsuyama to understand how the interconnected American stock market works, Lewis’ story is now a centerpiece of the debate on HFT. In the smallish world of finance and technology, it is definitively the talk of the town.

As much as it has been praised (particularly by detractors of high frequency trading), Lewis’ book has also become the subject of intense, acerbic and at times quite emotional critiques. There is, indeed, something both provocative and awkward in Lewis’ account. Perhaps it is…

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Cfp_Score International Conference on Organizing Markets

Call for Papers. Score International Conference on Organizing Markets. October 16-17, 2014. Stockholm School of Economics, Stockholm, Sweden. Abstract submission Deadline: March 31, 2014. Organized by Stockholm Centre for Organizational Research (Score). Keynote speaker: Neil Fligstein, University of California, Berkeley. Continue reading

Mini-artículo: Will the Real Engineers Please Stand Up?

[Estimados amigos/as: lo que sigue es la base de un ensayo en inglés en el que estoy trabajando. Cualquier comentario en español, portugues o inglés es sumamente bienvenido. Abrazos.]

Two months ago, I had the rare opportunity to speak to an audience that is foreign to (most of) us: a room full of natural scientists. The conference that I addressed, BioBricks Foundation 6.0, met at Imperial College, London, to discuss the most recent developments in synthetic biology. The panel in which I participated provided a space to introduce ‘recent’ new developments in science and technology studies to synthetic biologists. I read it as an occasion to talk about the now canonical bread-and-butter of social studies of finance—that is, how economics performs the economy. (I wholeheartedly thank Pablo Schyfter and Jane Calvert for the invitation).

While the contents of my talk were nothing new for the readers of this blog, the experience was particularly stirring in other ways, not the least because of the reactions of the audience to the concept of performativity (in their questions, those who remained in the room to listen to the social scientist sought clarification on how to model and predict what they saw as no more than noisy feedback loops between the abstract descriptions of economics and a detached, yet largely objective real world). Indeed, the greatest reward from participating of the conference came from having been exposed to, even if for a few hours, the awesome metaphors of synthetic biology. Continue reading

La performatividad del premio Nobel

Uno de los temas favoritos de este blog ha sido la performatividad del conocimiento económico. Desde la formulación original de Michel Callon, estudiar la performatividad implica asumir que la economía como ciencia no solo describe los mercados sino que sería una tecnología clave en el proceso de enmarcar y producir aquellos tipos de encuentros que denominamos como económicos. Por supuesto esto ha generado todo tipo de polémicas. Tal como se discute acá, la elección de Alvin Roth como el último premio Nobel hace replantearse algunas cosas, ya que desde este punto de vista el rol de los economistas sería simplemente “diseñar mercados”. Bueno, como en una novela postmoderna, la historia acaba de ganar un nuevo nivel de autorrereferncia, ya que el mismo Roth ha publicado un post en su blog discutiendo el asunto. En sus palabras:

 “Yesterday’s prize to Paul Milgrom for his work in market design (among other things) brings to mind a curious critique (and criticism) of economics in the economic sociology literature, namely that economics is “performative,” in the sense that economic theories influence the real economy to become more like economic theory”

 Curious, ¿no?