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Do Economists Make Markets? On the Performativity of Economics

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ISBN-10: 0691138494

ISBN-13: 9780691138497

Edition: 2008

Authors: Donald MacKenzie, Fabian Muniesa, Siu Leung-Sea, Donald Mackenzie, Lucia Siu

List price: $63.00
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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…    
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Book details

List price: $63.00
Copyright year: 2008
Publisher: Princeton University Press
Publication date: 7/21/2008
Binding: Paperback
Pages: 400
Size: 6.14" wide x 9.13" long x 1.14" tall
Weight: 1.254
Language: English

Donald W. MacKenzie grew up on Ulva and wrote his memoirs in 2000.

List of Illustrations, Boxes, and Tables
The Social Construction of a Perfect Market: The Strawberry Auction at Fontaines-en-Sologne
Is Economics Performative? Option Theory and the Construction of Derivatives Markets
Decoding Finance: Articulation and Liquidity around a Trading Room
How to Do Things with Experimental Economics
Economic Experiments and the Construction of Markets
Markets Made Flesh: Performativity, and a Problem in Science Studies, Augmented with Consideration of the FCC Auctions
Which Way Is Up on Callon?
The Properties of Markets
Do Statistics "Perform" the Economy?
What Does It Mean to Say That Economics Is Performative?
List of Contributors