Introducing the lens of markets-in-the-making to transition studies:The case of the Danish wind power market agencement

This paper contributes to a renewed understanding of markets in transition studies by focusing on how unknown things must be ‘framed’ and pacified in order to be attributed some ‘value’ that makes them ‘matter’. We empirically analyze the making of a market agencement for wind power deployment in Denmark. Using an analytical framework of framing and pacifying, we trace three entangled ‘domains of action’ associated with the employment of (a) sociopolitical devices to enable the discursive valuation of wind power, (b) economic devices to develop price-setting models for investors, and (c) technical devices to facilitate grid integration, thereby framing wind power as socio-politically, economically, and techno-scientifically ‘valuable’, respectively. This market agencement has consistently produced concerns (i.e., overflows) requiring constant re-framing. We discuss how the lens of markets-in-the-making can contribute to transition studies. By showing how the domains of action entangle and ‘overflow’ onto each other, this study demonstrates that the relational lens of socio-technical agencements can help shed additional light on the dynamics and agency of markets in transition.</p

The Elephant in the Dark: A New Framework for Cryptocurrency Taxation and Exchange Platform Regulation in the US

The proliferation of cryptocurrencies and the remarkable expansion of novel economic practices associated with them pose an unprecedented challenge to established norms of taxation and market regulation. Drawing on two years of fieldwork, surveys, as well as big data analysis of the most valuable 100 cryptocurrencies&rsquo; white papers and the terms of service agreements of all cryptocurrency exchange platforms, this paper proposes an evidence-based framework to design a novel regulation and taxation approach to cryptocurrencies and their markets by using the US as case study. This new framework calls for approaching cryptocurrencies as data money. Drawing on the material political economy of new digital financial practices, the paper locates the universe of taxable events and invisible/vague regulation areas by approaching exchange platforms as stacked economization processes. We need to make sense of these new economic spaces in order to imagine more effective regulative instruments addressing questions of economic actor protection and efficiency. The paper concludes by proposing a new instrument of taxation (Data Money Tax) and a dynamic regulative approach to cryptocurrency exchange platforms (Stack Regulation)

Platform Works as Stack Economization: Cryptocurrency Markets and Exchanges in Perspective

What is an economic platform? I address this question by focusing on the case of cryptocurrency exchange platforms. The research draws on interviews with platform actors, fieldwork in one exchange, and computational text analysis of the terms of service of all cryptocurrency exchanges in the world. I argue that cryptocurrency exchange platforms go beyond market processes by fulfilling a variety of functions including banking, infrastructure development, gift-giving, barter, money making, payment system operation, software production, security providing, and centralized extra-blockchain accounting. I propose the concept of “stack” to describe such a process of socio-digital economization that takes place in these data money exchanges. Demonstrating that it is inadequate to describe platforms as mere digital infrastructures, devices, places or markets, I argue that cryptocurrency exchange platforms can best be understood as economization stacks that weave multiple layers and types of interaction, and facilitate an empirically observable range of variegated economic activities

Polanyi, Callon, and Amazon: Institutionalist, ANT, and DRAN Approaches to Platform Economies

Drawing on a detailed analysis of Grabher and König’s study of platformization (Grabher &amp; König, 2020), this essay develops a revision of Actor-Network Theory by proposing how a Device, Representation, Actor and Network or a DRAN Approach can be more helpful in making sense of platform economic processes. First, it locates the ways in which Grabher &amp; König’s article approach platforms from an updated Polanyian perspective. Second, it elaborates on how the aforementioned article critiques static Polanyian perspectives while at the same time building a double tension by a) not being clear whether we observe "the platform economy" as an object or platform economization as a process, and b) not paying sufficient attention to how platforms that draw on intangible materialities move beyond being mere marketization relations. Third, it presents how to address these tensions by drawing on novel theoretical advances of DRAN Approaches and fresh empirical research concerning platform economies, located at the intersection between computer science and social sciences. Proposing a possibility to integrate historical and contemporary studies of economic processes, the essay ends by elaborating on how Grabher &amp; König’s article has a potential to enable a multi-perspective dynamic research strategy in making sense of not only the contemporary working of platforms, but their historical and socio-technical condition of possibility

Economization, part 2: research programme for the study of markets

International audiencePresented in two parts, this article proposes a research programme devoted to examining 'processes of economization'. In the first instalment, published in Economy and Society 38(3) (2009), we introduced the notion of 'economization'. The term refers to the assembly and qualification of actions, devices and analytical/ practical descriptions as 'economic' by social scientists and market actors. Through an analysis of selected works in anthropology, economics and sociology, we discussed the importance, meaning and framing of economization, unravelling its trace within a variety of disciplinary backgrounds. This second instalment of the article explores what it would mean to move this research programme forward by taking processes of economization as a topic of empirical investigation. Given the vast terrain of relationships that produce its numerous trajectories, to illustrate what such a project would entail we have limited ourselves to the examination of processes we call 'marketization'. These processes, which constitute but one modality of economization, are discussed here from five vantage points: the things in the market, agencies, encounters, prices and market maintenance

Economization, part 1: shifting attention from the economy towards pocesses of economization

International audienceThis article proposes a research programme devoted to examining 'processes of economization'. In the current instalment we introduce the notion of 'economization', which refers to the assembly and qualification of actions, devices and analytical/practical descriptions as 'economic' by social scientists and market actors. Through an analysis of selected works in anthropology, economics and sociology, we begin by discussing the importance, meaning and framing of economization, as we unravel its trace within a variety of disciplinary backgrounds. We show how in combination, these works have laid the foundations for the study of economization. The second instalment of the article, to appear in the next volume of Economy and Society, presents a preliminary picture of what it might mean to take processes of economization as a topic of empirical investigation. Given the vast terrain of relationships that produce its numerous trajectories, we will illustrate economization by focusing on only one of its modalities the one that leads to the establishment of economic markets. With emphasis on the increasingly dominant role of materialities and economic knowledges in processes of market-making, we will analyse the extant work in social studies of 'marketization'. Marketization is but one case study of economization