This paper discusses the work by Pascal Goeke and Evelyn Moser (2018), which provided a remarkable contribution to the study of modern markets. The Authors debated four sociological approaches to markets, i.e. interaction, network, institutions and performativity-based arguments, to elaborate a new comprehensive definition of market as tension between noise and order. In this regards, I argue that their theorizing calls for further empirical analysis. Their “over-socialized” perspective should consider both the bounded rationality of real agents and the context-dependency of markets in more detail, given that economic action is shaped by structural, institutional and cultural forms of embeddedness. The paper raises the importance of a more “integrative research”, in order to combine the deductive approach provided by Goeke and Moser and inductive research on real markets and real actors.

Comment on “The Complex Market: Communications of Exchange, Observing Competitors, and Prices” by Pascal Goeke and Evelyn Moser/2. Real Agents in Real Markets: Socio-Cognitive Scaffolds that “Reduce” Market Uncertainty

Niccolò Casnici
2018-01-01

Abstract

This paper discusses the work by Pascal Goeke and Evelyn Moser (2018), which provided a remarkable contribution to the study of modern markets. The Authors debated four sociological approaches to markets, i.e. interaction, network, institutions and performativity-based arguments, to elaborate a new comprehensive definition of market as tension between noise and order. In this regards, I argue that their theorizing calls for further empirical analysis. Their “over-socialized” perspective should consider both the bounded rationality of real agents and the context-dependency of markets in more detail, given that economic action is shaped by structural, institutional and cultural forms of embeddedness. The paper raises the importance of a more “integrative research”, in order to combine the deductive approach provided by Goeke and Moser and inductive research on real markets and real actors.
File in questo prodotto:
File Dimensione Formato  
casnici_sociologica.pdf

accesso aperto

Descrizione: Articolo principale
Tipologia: Full Text
Licenza: PUBBLICO - Pubblico con Copyright
Dimensione 78.67 kB
Formato Adobe PDF
78.67 kB Adobe PDF Visualizza/Apri

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11379/509788
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 1
  • ???jsp.display-item.citation.isi??? ND
social impact