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In many respects, the specifically Chinese way of transition from the planned to the market economy contradicts … the Chinese transition followed a trajectory which maintained high levels of coordination efficiency, in particular with …
Persistent link: https://www.econbiz.de/10014054018
This chapter proposes a geocentric turn in economics that aims at radically transforming the performative functions of economics in contemporary capitalism: Inspired by an expression of John Stuart Mill, I outline the idea of the Earth as a ‘community of advantage’. The argument proceeds in...
Persistent link: https://www.econbiz.de/10014093201
The concepts of quot;social capitalquot; and quot;networksquot; gain increasing acceptance even in core branches of economics as growth theory and international trade. International organizations have begun to condition credit approval on the availability of social capital in lender communities....
Persistent link: https://www.econbiz.de/10012726811
In recent sociological studies of markets, especially financial markets, researchers have argued that economics is performative (MacKenzie, Callon et al.). By this they refer to the observation that theories such as the Black-Scholes formula do not simply describe reality, but contributed to the...
Persistent link: https://www.econbiz.de/10003874929
In recent sociological studies of markets, especially financial markets, researchers have argued that economics is performative (MacKenzie, Callon et al.). By this they refer to the observation that theories such as the Black-Scholes formula do not simply describe reality, but contributed to the...
Persistent link: https://www.econbiz.de/10013134630