Showing 1 - 10 of 125
This article develops a pragmatic theory of finance in which markets are considered to be centres of communicative … action in the face of uncertainty. This contrasts with the conventional approach that portrays markets as centres of … truthfulness, truth, and rightness of the statements made by its participants (i.e., the prices quoted). I claim that these …
Persistent link: https://www.econbiz.de/10015190800
algorithms and automation on financial markets have rendered traders alienated and estranged from the markets they work on for … financial markets allocate capital and how ripe they are for political manipulation. …
Persistent link: https://www.econbiz.de/10015190894
the cornucopians emphasise human creativity expressed through markets. This paper argues that both schools are right to …
Persistent link: https://www.econbiz.de/10013352845
Markets are reputed to be more flexible than other economic arrangements, though the meaning of flexibility remains … markets, leading to allocative efficiency. For heterodox economists and other social scientists, it goes beyond market … flexibility as applied to markets and evaluates the main alternative views. The orthodox approach, which informs most economic …
Persistent link: https://www.econbiz.de/10014307577
Economic theorists have seldom discussed the social structures behind markets, even though market trading relies … heavily on seller/buyer roles and personal relations among traders. This paper considers the structural basis of markets and … proposes a layered approach which accommodates a wide range of competitive and relational trade within a definition of markets …
Persistent link: https://www.econbiz.de/10014429242
actors in the markets and the central bank from a new perspective. According to John Maynard Keynes in 1932 (1982f), the …
Persistent link: https://www.econbiz.de/10014433093
markets (private practices) and states (public policies), pointing to the case of the European Union. …
Persistent link: https://www.econbiz.de/10014461955
) analysing platform infrastructures and markets; (2) platform governance; (3) the negotiation of platform power and its …
Persistent link: https://www.econbiz.de/10014634498
This paper assesses the extent to which the organization of the innovation effort in firms, as well as the geographical scale at which this effort is pursued, affects the capacity to benefit from product innovations. Three alternative modes of organization are studied: hierarchy, market and...
Persistent link: https://www.econbiz.de/10011940074
one of three exogenously imposed trading prices. The fixed prices divided the gains either symmetrically in the reference …
Persistent link: https://www.econbiz.de/10012227801