<[email protected]> wrote: > What's the diff between "[the P word]" and "performance"?
from my review of the book by MacKenzie _et al_: >What does this term mean? Just as a minister performs marriages, economists >can “perform” markets. The words “I pronounce you husband and wife” creates a >new social relationship, even for a cohabiting couple. Just as this creation >requires support from courts and/or churches, economics performs markets in >conjunction with other fields. In one chapter, Fabian Muniesa joins [the guru >of this school, Michel] Callon to add marketing, financial engineering, and >the like to the [P word] package. But focus on economics alone. > Petter Holm’s chapter makes [the P word]’s meaning clearer: “market models > are real and perform work,” producing technology that undergirds markets. > Economics participates in the >>“practical management of the market, in the definition of its standards, in >>the management of the identity of its agents, in the distribution of property >>rights, in the surveillance of exchange processes, in the constant >>adjustments, refinements, and reconstructions that are required to keep the >>exchanges flowing” (234-5). << > His example is the creation of individual transferable quotas (ITQs) for > fish, akin to the tradable permits of some pollution-control schemes.< -- Jim Devine / If you're going to support the lesser of two evils, you should at least know the nature of that evil. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
