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Geographies of circulation and exchange: constructions of markets


Berndt, Christian; Boeckler, Marc (2009). Geographies of circulation and exchange: constructions of markets. Progress in Human Geography, 33(4):535-551.

Abstract

Although markets are at centre stage in capitalist processes of circulation and exchange, they have rarely been made an object of study. In this paper we distinguish three heterodox approaches. (1) Socioeconomics points out that concrete markets cannot be separated from their social context. Markets are dissolved in social networks and socialized. (2) Political economy investigates how the market model is confused for real markets by market participants. The market is represented as a destructive force. (3) Cultural economists point to the practical self-realization of economic knowledge and argue that the abstract market model is performative.

Abstract

Although markets are at centre stage in capitalist processes of circulation and exchange, they have rarely been made an object of study. In this paper we distinguish three heterodox approaches. (1) Socioeconomics points out that concrete markets cannot be separated from their social context. Markets are dissolved in social networks and socialized. (2) Political economy investigates how the market model is confused for real markets by market participants. The market is represented as a destructive force. (3) Cultural economists point to the practical self-realization of economic knowledge and argue that the abstract market model is performative.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:07 Faculty of Science > Institute of Geography
Dewey Decimal Classification:910 Geography & travel
Language:English
Date:2009
Deposited On:24 Sep 2012 14:07
Last Modified:05 Apr 2016 15:58
Publisher:Sage Publications
ISSN:0309-1325
Publisher DOI:https://doi.org/10.1177/0309132509104805

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