Material Markets Book by Donald MacKenzie - Bookswagon
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Material Markets

Material Markets


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About the Book

Financial markets, processes, and instruments are often difficult to fathom; the credit crisis highlights both their importance and their fragility. Donald MacKenzie is one of the most perceptive analysts of the workings of the financial world. In this book, he 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 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 the development of financial derivatives exchanges; arbitrage; how corporate profit figures are constructed; the crucial new markets in carbon emissions; and a case-study of a hedge fund (based, unusually, on direct observation of its trading).

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.

About the Author:
Donald MacKenzie, Professor of Sociology, University of Edinburgh

Donald MacKenzie is Professor of Sociology (Personal Chair) at the University of Edinburgh. His books include Do Economists Make Markets? On the Performativity of Economics (Princeton University Press, 2008), and An Engine, Not a Camera: How Financial Models Shape Markets (MIT Press, 2006).


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Product Details
  • ISBN-13: 9780199278152
  • Publisher: OUP UK
  • Publisher Imprint: OUP UK
  • Height: 236 mm
  • No of Pages: 240
  • Series Title: Clarendon Lectures in Management Studies
  • Sub Title: How Economic Agents Are Constructed
  • Width: 160 mm
  • ISBN-10: 0199278156
  • Publisher Date: 01 Feb 2009
  • Binding: Hardback
  • Language: English
  • Returnable: N
  • Spine Width: 18 mm
  • Weight: 508 gr


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