Material Markets - How Economic Agents are Constructed (Hardcover)

Financial markets, processes, and instruments are often difficult to fathom; and recent turbulence suggests they may be out of control in some respects. Donald Mackenzie is one of the most perceptive analysts of the workings of the financial world. In this book, MacKenzie argues that economic agents and markets need to be analyzed in their full materiality: their physicality, their corporeality, their technicality. Markets are populated not by disembodied, abstract agents, but by embodied human beings and technical systems. Concepts and systematic ways of thinking that simplify market processes and make them mentally tractable are essential to how markets function.
In putting forward this material sociology of markets, the book synthesizes and contributes to the new field of social studies of finance: the application to financial markets not just of economics but of wider social-science disciplines, in particular science and technology studies. The topics covered include hedge funds (the book contains the first social-science study of a hedge fund based on direct observation); the development of financial derivatives exchanges (non-existent in 1970, but now trading products equivalent to $13,000 for every human being on earth); arbitrage; how corporate profit figures are constructed; and the crucial new markets in carbon emissions.
The book will appeal to research students and academics across the social sciences, and the general reader will enjoy the book's explanations and analyses of some of the most important phenomena of today's turbulent markets.

General

Imprint:	Oxford UniversityPress
Country of origin:	United Kingdom
Series:	Clarendon Lectures in Management Studies
Release date:	December 2008
First published:	February 2009
Authors:	Donald Mackenzie (Professor of Sociology)
Dimensions:	242 x 163 x 17mm (L x W x T)
Format:	Hardcover
Pages:	240
ISBN-13:	978-0-19-927815-2
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Social sciences > Sociology, social studies > Social institutions > General Books > Business & Economics > Finance & accounting > Finance > General Books > Business & Economics > Business & management > Management & management techniques > Organizational theory & behaviour Books > Money & Finance > General Promotions
LSN:	0-19-927815-6
Barcode:	9780199278152

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