Designing a market-like entity: Economics in the politics of market formation

Autor:	Daniel Breslau
Rok vydání:	2013
Předmět:	Factor market History Market economy History and Philosophy of Science Applied economics Innovation economics Institutional economics Economics Mainstream economics General Social Sciences Personnel economics Schools of economic thought Heterodox economics
Zdroj:	Social Studies of Science. 43:829-851
ISSN:	1460-3659 0306-3127
DOI:	10.1177/0306312713493962
Popis:	Recent work on the relationship of economics to economic institutions has argued that economics is constitutive of economic institutions, and of markets in particular. In opposition to economic sociology, which has treated economics as a competing disciplinary frame or an ideology, the ‘performativity’ literature takes economics seriously as a set of market-building practices. This article demonstrates the compatibility of these perspectives by analyzing the role of economics in the politics of market formation. It presents a case study of the formation of a new institution: capacity markets connected to wholesale electricity markets in the United States. The case demonstrates how economic framing shapes the politics of markets by imposing a specific set of terms for the legitimate conduct of the struggle over market rules.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::30a9b4d66ba642ce28674cf0ac6fa555 https://doi.org/10.1177/0306312713493962 Zobrazit plný text záznamu