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Problematizing markets

Market Failures and the Government of Collective Concerns

Bibliographic Data

ID2159796
AuthorsJosé Ossandón (0000-0003-2927-1878, Copenhagen Business School), Sebastián Ureta (0000-0003-3169-4992, Alberto Hurtado University)
Year2019
Volume48
Issue2
Pages175-196
Publication date2019-04-03
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueEconomy and Society (JOURNAL)
Journal identifiersISSN: 0308-5147 • E-ISSN: 1469-5766
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/03085147.2019.1576433
OpenAlexW2961803158
LanguageEN
Citations received17
References cited29

Neoliberalism is usually associated with pro-market values. This paper argues that more attention should be paid to the specific forms of market criticisms that unfold in neoliberal settings. We adapt Foucault's and Callon's notion of problematization to study recent policy reforms in Chile. The analysis shows a transition from a set of policies justified in terms of the virtues of the market to policy interventions based on a comparison between the situation in the specific area and ideal well-functioning markets. This transition, we propose, signals a particular mode of governing with its characteristic cognitive operation (areas of collective concerns are assessed in terms of market failures), apparatus (policy instruments oriented to remediate market failures), and the jurisdiction of a particular type of experts

Economics · Epistemology · Factor market · Government (linguistics · Ideal type · Jurisdiction · Law and economics · Market economy · Market failure · Microeconomics · Neoliberalism (international relations · Nonmarket forces · Political economy · Political science · Positive economics · Problematization · Set (abstract data type · Social science · Sociology · Foucault, Power, and Ethics · Management and Organizational Studies · Political Economy and Marxism · Law

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Unique citing works17
Citations per year2,83
Citation span2020 - 2026 (7)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 17
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