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Designing a market-like entity: Economics in the politics of market formation

机译:设计类似市场的实体:市场形成政治中的经济学

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Recent work on the relationship of economics to economic institutions has argued that economics is constitutive of economic institutions, and of markets in particular. In opposition to economic sociology, which has treated economics as a competing disciplinary frame or an ideology, the 'performativity' literature takes economics seriously as a set of market-building practices. This article demonstrates the compatibility of these perspectives by analyzing the role of economics in the politics of market formation. It presents a case study of the formation of a new institution: capacity markets connected to wholesale electricity markets in the United States. The case demonstrates how economic framing shapes the politics of markets by imposing a specific set of terms for the legitimate conduct of the struggle over market rules.
机译:关于经济学与经济制度之间关系的最新研究认为,经济学是经济制度,尤其是市场的构成。与将经济学视为竞争学科框架或意识形态的经济社会学相反,“表现主义”文学将经济学视为一系列市场建立实践。本文通过分析经济学在市场形成政治中的作用来证明这些观点的兼容性。它提供了一个有关建立新机构的案例研究:与美国批发电力市场相关的能力市场。该案例通过为争夺市场规则的合法行为施加一组特定的术语,说明了经济框架如何塑造了市场政治。

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