Tag Archives: Mirowski

E&S special issue: Markets for collective concerns and their failures

[Luego de varios años de trabajo, finalmente acaba de salir el número especial en Economy & Society editado por Christian Frankel, José Ossandón y Trine Pallesen. El título del número es “Markets for Collective Concerns and their failures”. ‘Markets for collective concerns’ son mercados que han sido construidos como instrumentos de políticas públicas, mercados de los que se espera solucionen problemas colectivos. Los artículos estudian cómo las fallas de estos mercados, en vez de gatillar una búsqueda por otro tipo de instrumento, han permitido el surgimiento de un nuevo tipo de experto que reclama conocer cómo hacer que mercados que no funcionan funcionen. El gobierno de problemas públicos deviene evaluación, reparación y diseño de mercados. Para los interesados, free e-prints de la introducción acá y del artículo de Ossandón y Ureta acá] 

Publication Cover

The organization of markets for collective concerns and their failures

Christian Frankel, José Ossandón & Trine Pallesen

Problematizing markets: market failures and the government of collective concerns

José Ossandón & Sebastián Ureta

Making an exception: market design and the politics of re-regulation in the French electricity sector

Thomas Reverdy & Daniel Breslau

Carving out a domain for the market: boundary making in European environmental markets

Liliana Doganova & Brice Laurent

On the difficulties of addressing collective concerns through markets: from market devices to accountability devices

Daniel Neyland, Véra Ehrenstein & Sveta Milyaeva

On going the market one better: economic market design and the contradictions of building markets for public purposes

Edward Nik-Khah & Philip Mirowski

The concept of market (Part 2)

[El nombre de esta sección es “artículos en cuotas”. La idea es, como en una novela por entregas, ir subiendo partes de papers a medida que vayan saliendo. El texto abajo es un borrador de un artículo en el que trabajo. Presenté la primera versión en EGOS este año y esto que estoy subiendo acá es una segunda versión, pero aun, borrador y sin edición del inglés. Además de la introducción, el artículo se compondrá de cuatro secciones. Cada parte será una entrega que iré subiendo a medida que tenga las nuevas versiones listas. El texto abajo es la segunda entrega y la primera sección del artículo (ver acá la entrega anterior, la introducción). Como siempre, sugerencias son muy bienvenidas]

The concept of Market

José Ossandón, draft 4/12/2017

Concepts of markets after market design

The following extract is taken from a talk given by the winner of the 2012 Sveriges Riksbank Prize in Memory of Alfred Nobel and renowned market designer Alvin Roth:

‘So, first of all think about market design, because market design is an ancient human activity. But because markets are so pervasive we think them a little bit like language. Languages and markets are both human artifacts. But we don’t think of language as something we can change, but as something we get. I speak to you in English and I have to speak in the same kind of English that you speak, otherwise it wouldn’t work. Often we think of markets on that way too: markets just happen. But, of course, markets are human artifacts and market design is that engineering part of microeconomics, that part that fixes markets when they are broken or make new ones sometimes.’ [i]

Roth presents a constructivist approach. He emphasizes that markets are both, like language, a social product, and like other artifacts, the outcome of purposely applied technical knowledge. This description would easily fit recent sociological accounts of markets; but, it would appear as strange in the context of traditional conceptualizations of markets in economics.

A dominant position in the economic sciences of the second half of the 20th century conceived markets in opposition to organization. While organizations were associated to features such as planning, hierarchy, or centralized decision making; markets were seen as decentralized, spontaneous and even inherently non-designable entities. Continue reading

Cfp_Debt trails: Mapping relations of debt and credit from everyday actors to global credit markets

Debt trails: Mapping relations of debt and credit from everyday actors to global credit markets. A workshop with Paul Langley and Liz McFall, 3-4 March 2016, Budapest, Hungary, ELTE University.

The 2007-8 global financial crisis was interpreted by many as a challenge to mainstream economics and as an opportunity for social sciences to provide alternative explanations. This opportunity has hardly been realised, even though the crisis has given further impetus to studies looking at credit and debt outside the economics discipline. One of the reasons lays in the disciplinary variety and theoretical lenses used by social sciences, ranging from economic sociology to economic geography, political economy and social studies of finance, which arguably do not provide a uniform, let alone universal explanation as economics does.  Continue reading

Studying the Failures of Markets for Collective Concerns

[En diciembre pasado, con mis colegas Christian Frankel y Trine Pallesen organizamos el workshop “Markets for collective concerns?”. Escribimos un reporte sobre el evento para el último número de  EASST Review. Comienza así:]

“The workshop “Markets for Collective Concerns?”, that we co-orga­nized, was held at Copenhagen Business School last December 11th and 12th. These brief notes are not a summary. It is our attempt to start digesting the vertigo we still feel about the important questions and challenges for future social and STS inspired studies of markets that were posed during those two days. We will, hopefully, be able to produ­ce a clearer statement of these issues in the expected edited publication collecting the contributions to the workshop. […] The title of the workshop referred to markets that are created not only to ensure economic exchange, but also to deal with specific collective concerns -e.g. poverty, energy supply, and global warming. Markets developed as policy instruments.” Continue reading

Was Karl Polanyi a neoliberal?

Audio de la presentación que dio Philip Mirowski en la conferencia “Questioning the Utopian Spings of Market Economy” en la Universidad de Sídney. Controversial, como es costumbre, Mirowski explica que las ideas de Hayek y K. Polanyi sobre el mercado y sus límites comparten mucho más de lo que generalmente se esperaría.

Workshop: Markets for Collective Concerns? December 11th and 12th 2014, CBS.

Workshop: Markets for Collective Concerns? December 11th and 12th 2014, Copenhagen Business School.  Confirmed speakers: Daniel Breslau, Virginia Tech; Liliana Doganova & Brice Laurent, MINES ParisTech; Nicholas Gane, University of Warwick; Peter Karnøe, University of Aalborg; Philip Mirowski, University of Notre Dame; Daniel Neyland, Goldsmiths, University of London; Juan Pablo Pardo-Guerra, London School of Economics; Annelise Riles, Cornell University. Web site: http://www.cbs.dk/en/viden-samfundet/business-in-society/public-private/news/workshop-markets-collective-concern

Rationale

Despite the recent fall-out of finance, confidence in the market does not seem to be diminishing, but on the contrary, market mechanisms are becoming key instruments to deal with core contemporary collective concerns, including global warming and education (Mirowski 2013). This conference will be devoted to discuss the proliferation of markets that have been devised – not only to work economically – but also to solve collective issues in areas such as environmental pollution, security of supply of energy, quality of education, poverty and health care. Continue reading

Is neoliberalism Weberian? An interview with Nicholas Gane

9780230242036Like a sociological detective of ideas, professor of sociology at the University of Warwick Nicholas Gane (2012, 2014 a, b) has been following the traces of social scientific thought in neoliberalism. The initial clue was given by Michel Foucault who in his Birth of Biopolitics argued that Max Weber’s work not only influenced critical theorists such as Adorno and Horkheimer but also one of the main branches within neoliberal thinking, German ordoliberalism. While Gane’s research ended up finding Foucault’s Weber-Ordoliberals connections rather thin, the investigation took him to an even more worrying result, namely, Weber’s influence on the work of Ludwig von Mises and his followers in Vienna, including the über neoliberal Friedrich Hayek. In this interview carried out at Warwick early June, Gane talks about his recent inquiry and its consequences. Continue reading

Economistas y mercados: entre gasfíter y maestros chasquillas

[Acaba de ser publicado el número especial ‘Travail des Économistes’ editado por Mariana Heredia para la revisa suiza Revue Économique et Sociale. Mariana encontró un muy buen formato, de textos breves, escritos a partir de preguntas que ella envío a cada uno de los autores. Algo así como un cruce entre entrevista y artículo. El número es en francés, pero, dado mi nulo manejo en la lengua de Descartes, escribí mi contribución primero en español. Considerando que corresponde a un tema de posible interés para los lectores de este blog, comparto acá el texto original inédito, que se enfoca en el rol de los economistas en los mercados como políticas públicas]

¿Cuál fue el discurso que acompaña a las reformas económica adoptadas en América Latina desde los años setenta?

Es importante tener en cuenta que lo que diga surge a partir de mi investigación (y experiencia personal) que se ha enfocado sobre el caso particular de Chile y no de toda América Latina. Considerando que a este país le tocó el no muy bien ponderado papel de ser el primer y más extremo caso de reformas neoliberales en el continente, lo que diga sobre Chile puede ser entendido como una versión exagerada de lo que ha ido pasando en otros países de la región. Sin embargo es importante también tener en cuenta que las reformas económicas no son simplemente el producto de doctrinas o ideologías que se difunden como un líquido de una nación a otra. Como han mostrado Bockman & Eyal (2002), Mitchell (2007) y Heredia (manuscrito), el conocimiento económico viaja a través de las redes nacionales e internacionales no sólo de las Universidades o economistas académicos, sino que también por agencias de gobierno, think tanks, la prensa, organismos multilaterales, etc., y en cada una de estas instancias es traducido y transformado. De esta forma, si bien las reformas económicas de América Latina desde fines de los 1970 pueden asociarse con la influencia de un tipo de doctrina económica particular su actualización y traducción práctica varía caso a caso.

Ahora, para empezar a responder de una buena vez. Para el caso de Chile, es importante distinguir entre dos tipos de reformas que se llevaron a cabo desde la ‘revolución neo-liberal’ iniciada en la dictadura de Pinochet. Continue reading

Mirowski y sus lecturas sobre neo-liberalismo

Dos muy recomendables posts de nuestro entrevistado de junio, Philip Mirowski, sobre el neoliberalismo. El primero reseña críticamente algunos libros recientes sobre el tema (Public Books) y el segundo resume, en 13 mandamientos, los postulados de su último libro (The Utopian). De muestra, la siguiente cita:

“With regard to the crisis, one wing of neoliberals has appealed to natural science concepts of “complexity” to suggest that markets transcend the very possibility of management of systemic risk.However, the presumed relationship of the market to nature tends to be substantially different under neoliberalism than under standard neoclassical theory. In brief, neoclassical theory has a far more static conception of market ontology than do the neoliberals. In neoclassical economics, many theoretical accounts portray the market as somehow susceptible to “incompleteness” or “failure,” generally due to unexplained natural attributes of the commodities traded: these are retailed under the rubric of “externalities,” “incomplete markets,” or other “failures.” Neoliberals conventionally reject all such recourse to defects or glitches, in favor of a narrative where evolution and/or “spontaneous order” brings the market to ever more complex states of self-realization, which may escape the ken of mere humans.  Continue reading

“Facebook teaches you how to be a neoliberal agent”. An interview with Philip Mirowski

Never_Let_a_Serious_Crisis_Go_to_Waste_300dpi_CMYK_VERSO_SITEPhil Mirowski is an historian of science and philosopher of economic thought at the University of Notre Dame. He has extensively written about economic and scientific knowledge, neoliberalism, and the current financial crisis, among other topics. He visited Cambridge last June to speak at the ECONPUBLIC workshop “Economic reason: intellectuals and think tanks in the late twenty century”, and I took this opportunity to interview him. Our conversation took place on June 27 in the backyard of the hotel where Mirowski was staying in the outskirts of Cambridge. The interview touches upon many topics of possible interest for readers (and listeners) of this blog, including the particular conception of markets in neoliberal economics, Hayek, anti public intellectuals, and a harsh criticism to the performativity thesis in finance studies. Many thanks to Tiago Mata and José Ossandón for helpful suggestions in preparing this interview.

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