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Do Economists Make Markets?: On the Performativity of Economics
Mackenzie
€ 64.66
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Description for Do Economists Make Markets?: On the Performativity of Economics
Paperback. Dedicated to the controversial question of whether economics is performative - of whether, in some cases, economics actually produces the phenomena it analyzes, this book features case studies that intend to offer substance to the notion of the performativity of economics in an accessible, nontechnical way. Editor(s): MacKenzie, Donald; Muniesa, Fabian; Siu, Lucia. Num Pages: 400 pages, 6 halftones. 11 line illus. 6 tables. BIC Classification: JH; KCA. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 232 x 156 x 24. Weight in Grams: 576.
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 auctions, and individual transferable ... Read more
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 auctions, and individual transferable ... Read more
Product Details
Publisher
Princeton University Press United States
Number of pages
392
Format
Paperback
Publication date
2008
Condition
New
Weight
633g
Number of Pages
392
Place of Publication
New Jersey, United States
ISBN
9780691138497
SKU
V9780691138497
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Mackenzie
Donald MacKenzie is a professor of sociology at the University of Edinburgh. His most recent book is "An Engine, Not a Camera: How Financial Models Shape Markets". Fabian Muniesa is a researcher and teacher at the Ecole des Mines de Paris and a member of the Centre de Sociologie de l'Innovation. Lucia Siu is a teaching fellow at Hong Kong's ... Read more
Reviews for Do Economists Make Markets?: On the Performativity of Economics
"MacKenzie ... skillfully describes the history of the financial derivatives market, claiming that the economists caused trader behavior to conform more closely to the model... The volume is an excellent introduction to the debate over performativity and will appeal to a broad set of social scientists."
W. J. Polley, Choice "A highly stimulating volume... Many investors will be surprised to discover ... Read more
W. J. Polley, Choice "A highly stimulating volume... Many investors will be surprised to discover ... Read more